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GBP/USD Intraday: the downside prevails.

2024-03-22
157

Pivot: 1.2680

Our preference: short positions below 1.2680 with targets at 1.2610 & 1.2580 in extension.

Alternative scenario: above 1.2680 look for further upside with 1.2710 & 1.2740 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

1.2740

1.2710

1.2680

1.2635 Last

1.2610

1.2580

1.2550

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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