GBP/USD Intraday: the downside prevails.

GBP/USD (GBP/USD)
+0.00404+0.30%
short positions below 1.3390 with targets at 1.3340 & 1.3320 in extension.
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Pivot: 1.3390

Our preference: short positions below 1.3390 with targets at 1.3340 & 1.3320 in extension.

Alternative scenario: above 1.3390 look for further upside with 1.3400 & 1.3420 as targets.

Comment: as long as 1.3390 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.3420 **
1.3400 ***
1.3390 ***
1.3371 Last
1.3340 ***
1.3320 **
1.3300 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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