GBP/USD Intraday: the downside prevails.

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-11-12 11:33Source:TC

Pivot: 1.2855

Our preference: short positions below 1.2855 with targets at 1.2780 & 1.2740 in extension.

Alternative scenario: above 1.2855 look for further upside with 1.2890 & 1.2925 as targets.

Comment: the break below 1.2855 is a negative signal that has opened a path to 1.2780.

Supports and resistances:

1.2925

1.2890

1.2855

1.2815 Last

1.2780

1.2740

1.2715

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-12-2024 at 11:33 UTC+1

Price reference: 1.2815 last known on 11-12-2024 at 11:33 UTC+1

Investment horizon: INTRADAY

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