GBP/USD Intraday: the downside prevails.

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-11-11 13:07Source:TC

Pivot: 1.2925

Our preference: short positions below 1.2925 with targets at 1.2870 & 1.2835 in extension.

Alternative scenario: above 1.2925 look for further upside with 1.2950 & 1.2975 as targets.

Comment: as long as the resistance at 1.2925 is not surpassed, the risk of the break below 1.2870 remains high.

Supports and resistances:

1.2975

1.2950

1.2925

1.2885 Last

1.2870

1.2835

1.2820

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-11-2024 at 13:07 UTC+1

Price reference: 1.2885 last known on 11-11-2024 at 13:07 UTC+1

Investment horizon: INTRADAY

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