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GBP/USD Intraday: watch 1.2420.

2024-04-19
271

Pivot: 1.2460

Our preference: short positions below 1.2460 with targets at 1.2420 & 1.2400 in extension.

Alternative scenario: above 1.2460 look for further upside with 1.2480 & 1.2500 as targets.

Comment: a break below 1.2420 would trigger a drop towards 1.2400.

Supports and resistances:

1.2500

1.2480

1.2460

1.2432 Last

1.2420

1.2400

1.2380

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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