GBP/USD Intraday: the downside prevails

Oct 1, 2024 11:34 AM

short positions below 1.3390 with targets at 1.3300 & 1.3270 in extension.

Pivot: 1.3390
Our preference:
short positions below 1.3390 with targets at 1.3300 & 1.3270 in extension.
Alternative scenario:
above 1.3390 look for further upside with 1.3430 & 1.3460 as targets.
Comment:
the RSI is bearish and calls for further decline.
Supports and resistances:
1.3460
1.3430
1.3390
1.3328 Last
1.3300
1.3270
1.3200

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