GBP/USD Intraday: further upside

Feb 12, 2025 1:48 AM

long positions above 1.2415 with targets at 1.2465 & 1.2490 in extension.

Pivot: 1.2415
Our preference:
long positions above 1.2415 with targets at 1.2465 & 1.2490 in extension.
Alternative scenario:
below 1.2415 look for further downside with 1.2395 & 1.2375 as targets.
Comment:
the break above 1.2415 is a positive signal that has opened a path to 1.2465.
Supports and resistances:
1.2510
1.2490
1.2465
1.2445 Last
1.2415
1.2395
1.2375

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