GBP/USD Intraday: Watching for a Trigger Below Support
GBP/USD (GBP/USD)
+0.00198+0.15%
The downside prevails as long as 1.3601 is resistance, with 1.3518 and 1.3499 as targets
Our pivot point is at 1.3601.
Our preference: The downside prevails as long as 1.3601 is resistance, with 1.3518 and 1.3499 as targets
Alternative scenario: above 1.3601, look for 1.3633 and 1.3652.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
1.3652 **
1.3633 *
1.3601 **
1.3545 last
1.3518
1.3499 **
1.3480 *
Our preference: The downside prevails as long as 1.3601 is resistance, with 1.3518 and 1.3499 as targets
Alternative scenario: above 1.3601, look for 1.3633 and 1.3652.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
1.3652 **
1.3633 *
1.3601 **
1.3545 last
1.3518
1.3499 **
1.3480 *
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