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GBP/USD Intraday: consolidation in place.

2024-02-23
748

Pivot: 1.2670

Our preference: short positions below 1.2670 with targets at 1.2635 & 1.2610 in extension.

Alternative scenario: above 1.2670 look for further upside with 1.2690 & 1.2710 as targets.

Comment: as long as the resistance at 1.2670 is not surpassed, the risk of the break below 1.2635 remains high.

Supports and resistances:

1.2710

1.2690

1.2670

1.2665 Last

1.2635

1.2610

1.2585

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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