GBP/USD Intraday: bullish bias above 1.3445.
GBP/USD (GBP/USD)
-0.00134-0.10%
long positions above 1.3445 with targets at 1.3520 & 1.3540 in extension.
Pivot: 1.3445
Our preference: long positions above 1.3445 with targets at 1.3520 & 1.3540 in extension.
Alternative scenario: below 1.3445 look for further downside with 1.3425 & 1.3400 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3560
1.3540
1.3520
1.3469 Last
1.3445
1.3425
1.3400
Our preference: long positions above 1.3445 with targets at 1.3520 & 1.3540 in extension.
Alternative scenario: below 1.3445 look for further downside with 1.3425 & 1.3400 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3560
1.3540
1.3520
1.3469 Last
1.3445
1.3425
1.3400
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