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GBP/USD Intraday: the downside prevails.

2024-01-03
193

Pivot: 1.2670

Our preference: short positions below 1.2670 with targets at 1.2590 & 1.2560 in extension.

Alternative scenario: above 1.2670 look for further upside with 1.2700 & 1.2730 as targets.

Comment: the RSI calls for a new downleg.

Supports and resistances:

1.2730

1.2700

1.2670

1.2621 Last

1.2590

1.2560

1.2530

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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