GBP/USD Intraday: the bias remains bullish.
GBP/USD (GBP/USD)
-0.01022-0.77%
long positions above 1.3540 with targets at 1.3575 & 1.3590 in extension.
Pivot: 1.3540
Our preference: long positions above 1.3540 with targets at 1.3575 & 1.3590 in extension.
Alternative scenario: below 1.3540 look for further downside with 1.3525 & 1.3500 as targets.
Comment: a support base at 1.3540 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.3615
1.3590
1.3575
1.3555 Last
1.3540
1.3525
1.3500
Our preference: long positions above 1.3540 with targets at 1.3575 & 1.3590 in extension.
Alternative scenario: below 1.3540 look for further downside with 1.3525 & 1.3500 as targets.
Comment: a support base at 1.3540 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.3615
1.3590
1.3575
1.3555 Last
1.3540
1.3525
1.3500
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