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GBP/USD Intraday: key resistance at 1.2160.
2023-11-01
678
Pivot: 1.2160
Our preference: short positions below 1.2160 with targets at 1.2120 & 1.2105 in extension.
Alternative scenario: above 1.2160 look for further upside with 1.2180 & 1.2200 as targets.
Comment: as long as the resistance at 1.2160 is not surpassed, the risk of the break below 1.2120 remains high.
Supports and resistances:
1.2200
1.2180
1.2160
1.2138 Last
1.2120
1.2105
1.2085
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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