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GBP/USD Intraday: the downside prevails.
2023-10-19
678
Pivot: 1.2170
Our preference: short positions below 1.2170 with targets at 1.2115 & 1.2090 in extension.
Alternative scenario: above 1.2170 look for further upside with 1.2190 & 1.2210 as targets.
Comment: the RSI advocates for further decline.
Supports and resistances:
1.2210
1.2190
1.2170
1.2134 Last
1.2115
1.2090
1.2070
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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