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GBP/USD Intraday: under pressure.

2023-09-12
666

Pivot: 1.2505

Our preference: short positions below 1.2505 with targets at 1.2450 & 1.2430 in extension.

Alternative scenario: above 1.2505 look for further upside with 1.2525 & 1.2545 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.2545

1.2525

1.2505

1.2466 Last

1.2450

1.2430

1.2400

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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