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GBP/USD Intraday: the bias remains bullish.

2024-01-05
179

Pivot: 1.2655

Our preference: long positions above 1.2655 with targets at 1.2705 & 1.2725 in extension.

Alternative scenario: below 1.2655 look for further downside with 1.2635 & 1.2615 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

1.2755

1.2725

1.2705

1.2681 Last

1.2655

1.2635

1.2615

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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