GBP/USD Intraday: bullish bias above 1.2535.

Limited Increase
u
1675392886756
GBPUSD+0%
2024-11-27 04:38Source:TC

Pivot: 1.2535

Our preference: long positions above 1.2535 with targets at 1.2595 & 1.2615 in extension.

Alternative scenario: below 1.2535 look for further downside with 1.2520 & 1.2505 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:

1.2640

1.2615

1.2595

1.2570 Last

1.2535

1.2520

1.2505

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 11-27-2024 at 04:38 UTC+1

Price reference: 1.2570 last known on 11-27-2024 at 04:38 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

More