GBP/USD Intraday: the downside prevails.

Limited Decrease
l
1675392886756
GBPUSD+0%
2024-12-20 06:51Source:TC

Pivot: 1.2545

Our preference: short positions below 1.2545 with targets at 1.2440 & 1.2385 in extension.

Alternative scenario: above 1.2545 look for further upside with 1.2580 & 1.2620 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

1.2620

1.2580

1.2545

1.2477 Last

1.2440

1.2385

1.2350

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 12-20-2024 at 06:51 UTC+1

Price reference: 1.2477 last known on 12-20-2024 at 06:51 UTC+1

Investment horizon: INTRADAY

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