GBP/USD Intraday: consolidation in place.
Jun 18, 2024 11:17
GBP/USD (GBP/USD)
-0.00603-0.48%
short positions below 1.2700 with targets at 1.2655 & 1.2635 in extension.
Pivot: 1.2700
Our preference: short positions below 1.2700 with targets at 1.2655 & 1.2635 in extension.
Alternative scenario: above 1.2700 look for further upside with 1.2715 & 1.2735 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
1.2735
1.2715
1.2700
1.2683 Last
1.2655
1.2635
1.2600
Our preference: short positions below 1.2700 with targets at 1.2655 & 1.2635 in extension.
Alternative scenario: above 1.2700 look for further upside with 1.2715 & 1.2735 as targets.
Comment: the RSI is bearish and calls for further decline.
Supports and resistances:
1.2735
1.2715
1.2700
1.2683 Last
1.2655
1.2635
1.2600
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