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GBP/USD ST: break of a ST rising trendline support.

2023-09-13
1189

Pivot: 1.2850

Our preference: short positions below 1.2850 with targets at 1.2300 & 1.2180 in extension.

Alternative scenario: above 1.2850 look for further upside with 1.2995 & 1.3145 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.3145

1.2995

1.2850

1.2457 Last

1.2300

1.2180

1.2005

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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