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GBP/USD Intraday: under pressure.

2024-05-24
274

Pivot: 1.2710

Our preference: short positions below 1.2710 with targets at 1.2680 & 1.2660 in extension.

Alternative scenario: above 1.2710 look for further upside with 1.2730 & 1.2745 as targets.

Comment: as long as the resistance at 1.2710 is not surpassed, the risk of the break below 1.2680 remains high.

Supports and resistances:

1.2745

1.2730

1.2710

1.2699 Last

1.2680

1.2660

1.2640

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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