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GBP/USD Intraday: the upside prevails.

2023-10-23
186

Pivot: 1.2130

Our preference: long positions above 1.2130 with targets at 1.2190 & 1.2205 in extension.

Alternative scenario: below 1.2130 look for further downside with 1.2110 & 1.2090 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.2220

1.2205

1.2190

1.2163 Last

1.2130

1.2110

1.2090

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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