GBP/USD Intraday: key resistance at 1.2450
Feb 4, 2025 10:25 AM
short positions below 1.2450 with targets at 1.2375 & 1.2350 in extension.

Pivot: 1.2450
Our preference:
short positions below 1.2450 with targets at 1.2375 & 1.2350 in extension.
Alternative scenario:
above 1.2450 look for further upside with 1.2475 & 1.2500 as targets.
Comment:
as long as the resistance at 1.2450 is not surpassed, the risk of the break below 1.2375 remains high.
Supports and resistances:
1.2500
1.2475
1.2450
1.2429 Last
1.2375
1.2350
1.2315
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