GBP/USD Middle Term: key resistance at 1.3730.
GBP/USD (GBP/USD)
+0.00216+0.16%
short positions below 1.3730 with targets at 1.3000 & 1.2700 in extension.
Pivot: 1.3730
Our preference: short positions below 1.3730 with targets at 1.3000 & 1.2700 in extension.
Alternative scenario: above 1.3730 look for further upside with 1.4240 & 1.4700 as targets.
Comment: as long as 1.3730 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.4700 **
1.4240 **
1.3730 ***
1.3545 Last
1.3000 ***
1.2700 ***
1.2400 **
Our preference: short positions below 1.3730 with targets at 1.3000 & 1.2700 in extension.
Alternative scenario: above 1.3730 look for further upside with 1.4240 & 1.4700 as targets.
Comment: as long as 1.3730 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.4700 **
1.4240 **
1.3730 ***
1.3545 Last
1.3000 ***
1.2700 ***
1.2400 **
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