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GBP/USD Intraday: consolidation.

2024-03-11
151

Pivot: 1.2870

Our preference: short positions below 1.2870 with targets at 1.2835 & 1.2815 in extension.

Alternative scenario: above 1.2870 look for further upside with 1.2895 & 1.2920 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

1.2920

1.2895

1.2870

1.2846 Last

1.2835

1.2815

1.2800

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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