GBP/USD Intraday: bullish bias above 1.2540.

Limited Increase
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GBPUSD+0%
2024-11-25 12:54Source:TC

Pivot: 1.2540

Our preference: long positions above 1.2540 with targets at 1.2625 & 1.2660 in extension.

Alternative scenario: below 1.2540 look for further downside with 1.2505 & 1.2485 as targets.

Comment: the break above 1.2540 is a positive signal that has opened a path to 1.2625.

Supports and resistances:

1.2690

1.2660

1.2625

1.2565 Last

1.2540

1.2505

1.2485

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-25-2024 at 12:54 UTC+1

Price reference: 1.2565 last known on 11-25-2024 at 12:54 UTC+1

Investment horizon: INTRADAY

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