GBP/USD Intraday: the bias remains bullish.

Limited Increase
u
1675392886756
GBPUSD+0%
2024-02-12 07:18Source:TC

Pivot: 1.2610

Our preference: long positions above 1.2610 with targets at 1.2650 & 1.2670 in extension.

Alternative scenario: below 1.2610 look for further downside with 1.2595 & 1.2575 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.2690

1.2670

1.2650

1.2629 Last

1.2610

1.2595

1.2575

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 02-12-2024 at 07:18 UTC+1

Price reference: 1.2629 last known on 02-12-2024 at 07:18 UTC+1

Investment horizon: INTRADAY

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