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GBP/USD Intraday: capped by a negative trend line.
2024-03-13
539
Pivot: 1.2810
Our preference: short positions below 1.2810 with targets at 1.2765 & 1.2745 in extension.
Alternative scenario: above 1.2810 look for further upside with 1.2830 & 1.2850 as targets.
Comment: as long as 1.2810 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2850
1.2830
1.2810
1.2792 Last
1.2765
1.2745
1.2725
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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