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

Limited Decrease
l
20260121142536a318afe464f1203a6e6288b9b3e91f3d
GBPUSD+0%
2026-05-05 02:14Source:TC

Pivot: 1.3570

Our preference: short positions below 1.3570 with targets at 1.3505 & 1.3475 in extension.

Alternative scenario: above 1.3570 look for further upside with 1.3600 & 1.3630 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

1.3630

1.3600

1.3570

1.3527 Last

1.3505

1.3475

1.3450

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 05-05-2026 at 02:14 UTC+1

Price reference: 1.3527 last known on 05-05-2026 at 02:14 UTC+1

Investment horizon: INTRADAY

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