GBP/USD Intraday: capped by a negative trend line.
GBP/USD (GBP/USD)
-0.00272-0.20%
short positions below 1.3450 with targets at 1.3400 & 1.3380 in extension.
Pivot: 1.3450
Our preference: short positions below 1.3450 with targets at 1.3400 & 1.3380 in extension.
Alternative scenario: above 1.3450 look for further upside with 1.3465 & 1.3485 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3450.
Supports and resistances:
1.3485
1.3465
1.3450
1.3426 Last
1.3400
1.3380
1.3360
Our preference: short positions below 1.3450 with targets at 1.3400 & 1.3380 in extension.
Alternative scenario: above 1.3450 look for further upside with 1.3465 & 1.3485 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.3450.
Supports and resistances:
1.3485
1.3465
1.3450
1.3426 Last
1.3400
1.3380
1.3360
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