GBP/USD Intraday: key resistance at 1.2950.

Limited Decrease
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GBPUSD+0%
2024-11-11 02:48Source:TC

Pivot: 1.2950

Our preference: short positions below 1.2950 with targets at 1.2875 & 1.2845 in extension.

Alternative scenario: above 1.2950 look for further upside with 1.2980 & 1.3010 as targets.

Comment: as long as the resistance at 1.2950 is not surpassed, the risk of the break below 1.2875 remains high.

Supports and resistances:

1.3010

1.2980

1.2950

1.2920 Last

1.2875

1.2845

1.2820

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-11-2024 at 02:48 UTC+1

Price reference: 1.2920 last known on 11-11-2024 at 02:48 UTC+1

Investment horizon: INTRADAY

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