GBP/USD Intraday: the downside prevails.

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-11-06 07:19Source:TC

Pivot: 1.2970

Our preference: short positions below 1.2970 with targets at 1.2830 & 1.2790 in extension.

Alternative scenario: above 1.2970 look for further upside with 1.3010 & 1.3045 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

1.3045

1.3010

1.2970

1.2887 Last

1.2830

1.2790

1.2750

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-06-2024 at 07:19 UTC+1

Price reference: 1.2887 last known on 11-06-2024 at 07:19 UTC+1

Investment horizon: INTRADAY

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