GBP/USD Intraday: key resistance at 1.2720.
Nov 20, 2024 12:14 PM
short positions below 1.2720 with targets at 1.2620 & 1.2590 in extension.
Pivot: 1.2720
Our preference:
short positions below 1.2720 with targets at 1.2620 & 1.2590 in extension.
Alternative scenario:
above 1.2720 look for further upside with 1.2750 & 1.2780 as targets.
Comment:
as long as 1.2720 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2780
1.2750
1.2720
1.2665 Last
1.2620
1.2590
1.2540
Our preference:
short positions below 1.2720 with targets at 1.2620 & 1.2590 in extension.
Alternative scenario:
above 1.2720 look for further upside with 1.2750 & 1.2780 as targets.
Comment:
as long as 1.2720 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2780
1.2750
1.2720
1.2665 Last
1.2620
1.2590
1.2540
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GBP/USD
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