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GBP/USD Intraday: supported by a rising trend line.

2024-03-07
388

Pivot: 1.2705

Our preference: long positions above 1.2705 with targets at 1.2760 & 1.2780 in extension.

Alternative scenario: below 1.2705 look for further downside with 1.2690 & 1.2670 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:

1.2800

1.2780

1.2760

1.2748 Last

1.2705

1.2690

1.2670

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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