GBP/USD Intraday: the upside prevails.
GBP/USD (GBP/USD)
+0.00070+0.05%
long positions above 1.3305 with targets at 1.3365 & 1.3390 in extension.
Pivot: 1.3305
Our preference: long positions above 1.3305 with targets at 1.3365 & 1.3390 in extension.
Alternative scenario: below 1.3305 look for further downside with 1.3275 & 1.3245 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3415
1.3390
1.3365
1.3345 Last
1.3305
1.3275
1.3245
Our preference: long positions above 1.3305 with targets at 1.3365 & 1.3390 in extension.
Alternative scenario: below 1.3305 look for further downside with 1.3275 & 1.3245 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3415
1.3390
1.3365
1.3345 Last
1.3305
1.3275
1.3245
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