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GBP/USD Intraday: bullish bias above 1.2660.

2024-04-10
1031

Pivot: 1.2660

Our preference: long positions above 1.2660 with targets at 1.2690 & 1.2710 in extension.

Alternative scenario: below 1.2660 look for further downside with 1.2645 & 1.2630 as targets.

Comment: a support base at 1.2660 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.2730

1.2710

1.2690

1.2675 Last

1.2660

1.2645

1.2630

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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