GBP/USD Intraday: bullish bias above 1.3500.
GBP/USD (GBP/USD)
-0.00389-0.29%
long positions above 1.3500 with targets at 1.3550 & 1.3570 in extension.
Pivot: 1.3500
Our preference: long positions above 1.3500 with targets at 1.3550 & 1.3570 in extension.
Alternative scenario: below 1.3500 look for further downside with 1.3480 & 1.3460 as targets.
Comment: a support base at 1.3500 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.3590
1.3570
1.3550
1.3523 Last
1.3500
1.3480
1.3460
Our preference: long positions above 1.3500 with targets at 1.3550 & 1.3570 in extension.
Alternative scenario: below 1.3500 look for further downside with 1.3480 & 1.3460 as targets.
Comment: a support base at 1.3500 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.3590
1.3570
1.3550
1.3523 Last
1.3500
1.3480
1.3460
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
