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Analysis

GBP/USD may fall 38 - 68 pips

BY Trading Central

|11 14, 2024

Intraday: the downside prevails.

 Intraday: 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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