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GBP/USD ST: capped by a negative trend line.
2023-10-23
969
Pivot: 1.2545
Our preference: short positions below 1.2545 with targets at 1.2005 & 1.1800 in extension.
Alternative scenario: above 1.2545 look for further upside with 1.2675 & 1.2850 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
1.2850
1.2675
1.2545
1.2145 Last
1.2005
1.1800
1.1640
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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