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GBP/USD Intraday: under pressure.

2023-10-24
462

Pivot: 1.2265

Our preference: short positions below 1.2265 with targets at 1.2175 & 1.2140 in extension.

Alternative scenario: above 1.2265 look for further upside with 1.2290 & 1.2330 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.2330

1.2290

1.2265

1.2215 Last

1.2175

1.2140

1.2095

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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