GBP/USD may fall 27 - 47 pips
BY Trading Central
|12 3, 2024Intraday: the downside prevails.
Pivot
1.2670
Our preference
Short positions below 1.2670 with targets at 1.2615 & 1.2595 in extension.
Alternative scenario
Above 1.2670 look for further upside with 1.2690 & 1.2720 as targets.
Comment
The RSI lacks upward momentum.
Supports and resistances
1.2720
1.2690
1.2670
1.2642 Last
1.2615
1.2595
1.2570
Number of asterisks represents the strength of support and resistance levels.
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