GBP/USD Intraday: the bias remains bullish

Jan 16, 2025 11:43 PM

long positions above 1.2200 with targets at 1.2260 & 1.2285 in extension.

Pivot: 1.2200
Our preference:
long positions above 1.2200 with targets at 1.2260 & 1.2285 in extension.
Alternative scenario:
below 1.2200 look for further downside with 1.2170 & 1.2140 as targets.
Comment:
the RSI is above its neutrality area at 50%.
Supports and resistances:
1.2305
1.2285
1.2260
1.2234 Last
1.2200
1.2170
1.2140

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