GBP/USD Intraday: the bias remains bullish.

Limited Increase
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1675392886756
GBPUSD+0%
2024-11-20 04:44Source:TC

Pivot: 1.2650

Our preference: long positions above 1.2650 with targets at 1.2720 & 1.2740 in extension.

Alternative scenario: below 1.2650 look for further downside with 1.2620 & 1.2595 as targets.

Comment: the break above 1.2650 is a positive signal that has opened a path to 1.2720.

Supports and resistances:

1.2760

1.2740

1.2720

1.2683 Last

1.2650

1.2620

1.2595

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-20-2024 at 04:44 UTC+1

Price reference: 1.2683 last known on 11-20-2024 at 04:44 UTC+1

Investment horizon: INTRADAY

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