GBP/USD Intraday: capped by a negative trend line.

Limited Decrease
l
202506031015317b03ae80270b83a87f6b4ba072cc5804
GBPUSD+0%
2025-05-29 11:31Source:TC

Pivot: 1.3480

Our preference: short positions below 1.3480 with targets at 1.3400 & 1.3365 in extension.

Alternative scenario: above 1.3480 look for further upside with 1.3515 & 1.3560 as targets.

Comment: as long as 1.3480 is resistance, likely decline to 1.3400.

Supports and resistances:

1.3560

1.3515

1.3480

1.3465 Last

1.3400

1.3365

1.3330

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-29-2025 at 11:31 UTC+1

Price reference: 1.3465 last known on 05-29-2025 at 11:31 UTC+1

Investment horizon: INTRADAY

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