Forex

GBP/USD is neutral

2024-10-14

Pivot

1.3435

Our preference

Short positions below 1.3435 with targets at 1.3010 & 1.2765 in extension.

Alternative scenario

Above 1.3435 look for further upside with 1.3620 & 1.3740 as targets.

Comment

A break below 1.3010 would trigger a drop towards 1.2765.

Supports and resistances

1.3740

1.3620

1.3435

1.3066 Last

1.3010

1.2765

1.2665

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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