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GBP/USD Intraday: key resistance at 1.2675.

2024-02-23
635

Pivot: 1.2675

Our preference: short positions below 1.2675 with targets at 1.2630 & 1.2610 in extension.

Alternative scenario: above 1.2675 look for further upside with 1.2690 & 1.2710 as targets.

Comment: as long as 1.2675 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.2710

1.2690

1.2675

1.2661 Last

1.2630

1.2610

1.2580

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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