GBP/USD may fall 38 - 68 pips
BY Trading Central
|11 14, 2024Intraday: the downside prevails.
Pivot
1.2735
Our preference
Short positions below 1.2735 with targets at 1.2650 & 1.2620 in extension.
Alternative scenario
Above 1.2735 look for further upside with 1.2770 & 1.2810 as targets.
Comment
As long as 1.2735 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
1.2810
1.2770
1.2735
1.2688 Last
1.2650
1.2620
1.2600
Number of asterisks represents the strength of support and resistance levels.
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