GBP/USD Intraday: key resistance at 1.2400.

Pivot: 1.2400

Our preference: short positions below 1.2400 with targets at 1.2350 & 1.2330 in extension.

Alternative scenario: above 1.2400 look for further upside with 1.2420 & 1.2440 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.2400.

Supports and resistances:

1.2440

1.2420

1.2400

1.2383 Last

1.2350

1.2330

1.2310

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 04-18-2023 at 07:15 UTC+1

Price reference: 1.2383 last known on 04-18-2023 at 07:15 UTC+1

Investment horizon: INTRADAY