GBP/USD Intraday: Throwback or further upside?
GBP/USD (GBP/USD)
-0.00406-0.30%
The upside prevails as long as 1.3395 is support, with 1.3485 and 1.3506 as targets
Our pivot point is at 1.3395.
Our preference: The upside prevails as long as 1.3395 is support, with 1.3485 and 1.3506 as targets
Alternative scenario: below 1.3395, expect 1.3359 and 1.3338.
Comment: With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside.
Supports and resistances:
1.3527 *
1.3506 **
1.3485
1.3459 last
1.3395 **
1.3359 *
1.3338 **
Our preference: The upside prevails as long as 1.3395 is support, with 1.3485 and 1.3506 as targets
Alternative scenario: below 1.3395, expect 1.3359 and 1.3338.
Comment: With prices now approaching our initial target, this level may prompt a throwback. That said, a decisive break above it could also act as a catalyst for further upside.
Supports and resistances:
1.3527 *
1.3506 **
1.3485
1.3459 last
1.3395 **
1.3359 *
1.3338 **
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