GBP/USD Intraday: the upside prevails.
Our preference: long positions above 1.2475 with targets at 1.2510 & 1.2530 in extension.
Alternative scenario: below 1.2475 look for further downside with 1.2455 & 1.2440 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
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.