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GBP/USD Intraday: the upside prevails.

2024-04-24
780

Pivot: 1.2420

Our preference: long positions above 1.2420 with targets at 1.2465 & 1.2480 in extension.

Alternative scenario: below 1.2420 look for further downside with 1.2390 & 1.2360 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:

1.2510

1.2480

1.2465

1.2433 Last

1.2420

1.2390

1.2360

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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