GBP/USD Intraday: further upside

Nov 29, 2024 5:47 AM

long positions above 1.2680 with targets at 1.2725 & 1.2745 in extension.

Pivot: 1.2680
Our preference:
long positions above 1.2680 with targets at 1.2725 & 1.2745 in extension.
Alternative scenario:
below 1.2680 look for further downside with 1.2660 & 1.2640 as targets.
Comment:
the RSI is bullish and calls for further advance.
Supports and resistances:
1.2765
1.2745
1.2725
1.2709 Last
1.2680
1.2660
1.2640

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.

Related Instruments