• GBP/USD Intraday: break of a ST rising trendline support.

     

    GBP/USD Intraday: break of a ST rising trendline support.

       
         
          Pivot: 1.2770

    Most Likely Scenario: short positions below 1.2770 with targets at 1.2625 & 1.2595 in extension.

    Alternative scenario: above 1.2770 look for further upside with 1.2805 & 1.2845 as targets.

    Comment: the RSI lacks upward momentum. Prices broke below a rising trend line in place since Dec. 1st.


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