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GBP/USD Intraday: under pressure.
2024-04-16
308
Pivot: 1.2470
Our preference: short positions below 1.2470 with targets at 1.2425 & 1.2400 in extension.
Alternative scenario: above 1.2470 look for further upside with 1.2495 & 1.2520 as targets.
Comment: the break below 1.2470 is a negative signal that has opened a path to 1.2425.
Supports and resistances:
1.2520
1.2495
1.2470
1.2445 Last
1.2425
1.2400
1.2375
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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