GBP/USD Intraday: On the edge of pivot level
GBP/USD (GBP/USD)
-0.00056-0.04%
The downside prevails as long as 1.3565 is resistance, with 1.3497 and 1.3478 as targets
Our pivot point is at 1.3565.
Our preference: The downside prevails as long as 1.3565 is resistance, with 1.3497 and 1.3478 as targets
Alternative scenario: above 1.3565, look for 1.3597 and 1.3617.
Comment: The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.
Supports and resistances:
1.3617 **
1.3597 *
1.3565 **
1.3548 last
1.3497
1.3478 **
1.3459 *
Our preference: The downside prevails as long as 1.3565 is resistance, with 1.3497 and 1.3478 as targets
Alternative scenario: above 1.3565, look for 1.3597 and 1.3617.
Comment: The asset is now hovering dangerously close to our pivot, representing a pivotal moment that could be among the last opportunities for a trend reversal.
Supports and resistances:
1.3617 **
1.3597 *
1.3565 **
1.3548 last
1.3497
1.3478 **
1.3459 *
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