GBP/USD Intraday: capped by a negative trend line.

Limited Decrease
l
2025-08-21 13:05Source:TC

Pivot: 1.3480

Our preference: short positions below 1.3480 with targets at 1.3430 & 1.3410 in extension.

Alternative scenario: above 1.3480 look for further upside with 1.3510 & 1.3530 as targets.

Comment: as long as 1.3480 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.3530

1.3510

1.3480

1.3471 Last

1.3430

1.3410

1.3390

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 08-21-2025 at 13:05 UTC+1

Price reference: 1.3471 last known on 08-21-2025 at 13:05 UTC+1

Investment horizon: INTRADAY

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