GBP/USD Intraday: key resistance at 1.2405.

Pivot: 1.2405

Our preference: short positions below 1.2405 with targets at 1.2360 & 1.2345 in extension.

Alternative scenario: above 1.2405 look for further upside with 1.2420 & 1.2440 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2405.

Supports and resistances:

1.2440

1.2420

1.2405

1.2389 Last

1.2360

1.2345

1.2330

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 04-11-2023 at 01:45 UTC+1

Price reference: 1.2389 last known on 04-11-2023 at 01:45 UTC+1

Investment horizon: INTRADAY