GBP/USD Intraday: key resistance at 1.2490.

Pivot: 1.2490

Our preference: short positions below 1.2490 with targets at 1.2445 & 1.2430 in extension.

Alternative scenario: above 1.2490 look for further upside with 1.2510 & 1.2525 as targets.

Comment: as long as 1.2490 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.2525

1.2510

1.2490

1.2465 Last

1.2445

1.2430

1.2410

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 04-06-2023 at 01:45 UTC+1

Price reference: 1.2465 last known on 04-06-2023 at 01:45 UTC+1

Investment horizon: INTRADAY