GBP/USD Intraday: the upside prevails

Dec 5, 2024 5:46 AM

long positions above 1.2670 with targets at 1.2720 & 1.2745 in extension.

Pivot: 1.2670
Our preference:
long positions above 1.2670 with targets at 1.2720 & 1.2745 in extension.
Alternative scenario:
below 1.2670 look for further downside with 1.2650 & 1.2630 as targets.
Comment:
the RSI calls for a new upleg.
Supports and resistances:
1.2765
1.2745
1.2720
1.2709 Last
1.2670
1.2650
1.2630

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