GBP/USD Intraday: the downside prevails.

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-11-14 06:56Source:TC

Pivot: 1.2735

Our preference: short positions below 1.2735 with targets at 1.2650 & 1.2620 in extension.

Alternative scenario: above 1.2735 look for further upside with 1.2770 & 1.2810 as targets.

Comment: as long as 1.2735 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.2810

1.2770

1.2735

1.2688 Last

1.2650

1.2620

1.2600

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-14-2024 at 06:56 UTC+1

Price reference: 1.2688 last known on 11-14-2024 at 06:56 UTC+1

Investment horizon: INTRADAY

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