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GBP/USD Intraday: under pressure.
2024-02-05
923
Pivot: 1.2630
Our preference: short positions below 1.2630 with targets at 1.2520 & 1.2495 in extension.
Alternative scenario: above 1.2630 look for further upside with 1.2665 & 1.2700 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
1.2700
1.2665
1.2630
1.2548 Last
1.2520
1.2495
1.2460
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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