GBP/USD Intraday: intraday support around 1.2605.

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GBPUSD+0%
2024-12-16 13:14Source:TC

Pivot: 1.2605

Our preference: long positions above 1.2605 with targets at 1.2670 & 1.2710 in extension.

Alternative scenario: below 1.2605 look for further downside with 1.2580 & 1.2545 as targets.

Comment: a support base at 1.2605 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.2745

1.2710

1.2670

1.2645 Last

1.2605

1.2580

1.2545

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-16-2024 at 13:14 UTC+1

Price reference: 1.2645 last known on 12-16-2024 at 13:14 UTC+1

Investment horizon: INTRADAY

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