GBP/USD Intraday: the bias remains bullish.
GBP/USD (GBP/USD)
+0.00404+0.31%
long positions above 1.3120 with targets at 1.3210 & 1.3250 in extension.
Pivot: 1.3120
Our preference: long positions above 1.3120 with targets at 1.3210 & 1.3250 in extension.
Alternative scenario: below 1.3120 look for further downside with 1.3075 & 1.3030 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3290
1.3250
1.3210
1.3176 Last
1.3120
1.3075
1.3030
Our preference: long positions above 1.3120 with targets at 1.3210 & 1.3250 in extension.
Alternative scenario: below 1.3120 look for further downside with 1.3075 & 1.3030 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3290
1.3250
1.3210
1.3176 Last
1.3120
1.3075
1.3030
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