GBP/USD Intraday: intraday support around 1.2875

Nov 7, 2024 10:11 AM

long positions above 1.2875 with targets at 1.2950 & 1.2985 in extension.

Pivot: 1.2875
Our preference:
long positions above 1.2875 with targets at 1.2950 & 1.2985 in extension.
Alternative scenario:
below 1.2875 look for further downside with 1.2840 & 1.2810 as targets.
Comment:
the RSI lacks downward momentum.
Supports and resistances:
1.3030
1.2985
1.2950
1.2904 Last
1.2875
1.2840
1.2810

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