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GBP/USD Intraday: key resistance at 1.2100.
2023-10-04
982
Pivot: 1.2100
Our preference: short positions below 1.2100 with targets at 1.2050 & 1.2025 in extension.
Alternative scenario: above 1.2100 look for further upside with 1.2125 & 1.2150 as targets.
Comment: as long as 1.2100 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2150
1.2125
1.2100
1.2075 Last
1.2050
1.2025
1.2000
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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