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Analysis

GBP/USD may rise 36 - 66 pips

BY Trading Central

|November 4, 2024

Intraday: further advance.

 Intraday: further advance.

Pivot

1.2940

Our preference

Long positions above 1.2940 with targets at 1.3030 & 1.3060 in extension.

Alternative scenario

Below 1.2940 look for further downside with 1.2910 & 1.2885 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3080

1.3060

1.3030

1.2994 Last

1.2940

1.2910

1.2885

Number of asterisks represents the strength of support and resistance levels.

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