GBP/USD Intraday: intraday support around 1.2625.
Nov 20, 2024 11:44 PM
long positions above 1.2625 with targets at 1.2675 & 1.2695 in extension.
Pivot: 1.2625
Our preference:
long positions above 1.2625 with targets at 1.2675 & 1.2695 in extension.
Alternative scenario:
below 1.2625 look for further downside with 1.2610 & 1.2595 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2715
1.2695
1.2675
1.2648 Last
1.2625
1.2610
1.2595
Our preference:
long positions above 1.2625 with targets at 1.2675 & 1.2695 in extension.
Alternative scenario:
below 1.2625 look for further downside with 1.2610 & 1.2595 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2715
1.2695
1.2675
1.2648 Last
1.2625
1.2610
1.2595
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Related Instruments
GBP/USD
1.26438
-0.00025
-0.02%