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GBP/USD Intraday: continuation of the rebound.
2024-04-17
479
Pivot: 1.2420
Our preference: long positions above 1.2420 with targets at 1.2495 & 1.2520 in extension.
Alternative scenario: below 1.2420 look for further downside with 1.2400 & 1.2375 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
1.2545
1.2520
1.2495
1.2471 Last
1.2420
1.2400
1.2375
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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