GBP/USD Intraday: Rebound or deeper decline ahead?
GBP/USD (GBP/USD)
+0.00063+0.05%
The downside prevails as long as 1.3360 is resistance, with 1.3275 and 1.3255 as targets
Our pivot point is at 1.3360.
Our preference: The downside prevails as long as 1.3360 is resistance, with 1.3275 and 1.3255 as targets
Alternative scenario: above 1.3360, look for 1.3395 and 1.3416.
Comment: The approach toward our first target represents a key level to monitor, it may trigger pressure for a pullback, though a firm close below this threshold could lead prices lower.
Supports and resistances:
1.3416 **
1.3395 *
1.3360 **
1.3302 last
1.3275
1.3255 **
1.3234 *
Our preference: The downside prevails as long as 1.3360 is resistance, with 1.3275 and 1.3255 as targets
Alternative scenario: above 1.3360, look for 1.3395 and 1.3416.
Comment: The approach toward our first target represents a key level to monitor, it may trigger pressure for a pullback, though a firm close below this threshold could lead prices lower.
Supports and resistances:
1.3416 **
1.3395 *
1.3360 **
1.3302 last
1.3275
1.3255 **
1.3234 *
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