GBP/USD Intraday: key resistance at 1.2320

Jan 10, 2025 10:51 AM

short positions below 1.2320 with targets at 1.2235 & 1.2210 in extension.

Pivot: 1.2320
Our preference:
short positions below 1.2320 with targets at 1.2235 & 1.2210 in extension.
Alternative scenario:
above 1.2320 look for further upside with 1.2350 & 1.2375 as targets.
Comment:
as long as 1.2320 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2375
1.2350
1.2320
1.2305 Last
1.2235
1.2210
1.2195

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