GBP/USD ST: the downside prevails.

High Volatility
1675392886756
GBPUSD+0%
2025-01-06 08:31Source:TC

Pivot: 1.2890

Our preference: short positions below 1.2890 with targets at 1.2300 & 1.2035 in extension.

Alternative scenario: above 1.2890 look for further upside with 1.3043 & 1.3260 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:

1.3260

1.3043

1.2890

1.2439 Last

1.2300

1.2035

1.1800

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 01-06-2025 at 08:31 UTC+1

Price reference: 1.2439 last known on 01-06-2025 at 08:31 UTC+1

Investment horizon: ST

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