GBP/USD Intraday: bullish bias above 1.3330.
GBP/USD (GBP/USD)
+0.00024+0.02%
long positions above 1.3330 with targets at 1.3390 & 1.3410 in extension.
Pivot: 1.3330
Our preference: long positions above 1.3330 with targets at 1.3390 & 1.3410 in extension.
Alternative scenario: below 1.3330 look for further downside with 1.3305 & 1.3285 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3430
1.3410
1.3390
1.3345 Last
1.3330
1.3305
1.3285
Our preference: long positions above 1.3330 with targets at 1.3390 & 1.3410 in extension.
Alternative scenario: below 1.3330 look for further downside with 1.3305 & 1.3285 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3430
1.3410
1.3390
1.3345 Last
1.3330
1.3305
1.3285
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