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GBP/USD Intraday: capped by a negative trend line.
2023-09-26
197
Pivot: 1.2230
Our preference: short positions below 1.2230 with targets at 1.2195 & 1.2180 in extension.
Alternative scenario: above 1.2230 look for further upside with 1.2250 & 1.2265 as targets.
Comment: as long as 1.2230 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2265
1.2250
1.2230
1.2213 Last
1.2195
1.2180
1.2160
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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