GBP/USD Intraday: key resistance at 1.3470.
GBP/USD (GBP/USD)
+0.00119+0.09%
short positions below 1.3470 with targets at 1.3435 & 1.3405 in extension.
Pivot: 1.3470
Our preference: short positions below 1.3470 with targets at 1.3435 & 1.3405 in extension.
Alternative scenario: above 1.3470 look for further upside with 1.3520 & 1.3545 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3545
1.3520
1.3470
1.3468 Last
1.3435
1.3405
1.3385
Our preference: short positions below 1.3470 with targets at 1.3435 & 1.3405 in extension.
Alternative scenario: above 1.3470 look for further upside with 1.3520 & 1.3545 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3545
1.3520
1.3470
1.3468 Last
1.3435
1.3405
1.3385
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