GBP/USD Intraday: key resistance at 1.2970.
Pivot: 1.2970
Preference: short positions below 1.2970 with targets at 1.2895 & 1.2860 in extension.
Alternative scenario: above 1.2970 look for further upside with 1.2990 & 1.3030 as targets.
Comment: as long as the resistance at 1.2970 is not surpassed, the risk of the break below 1.2895 remains high.
Supports and resistances:
1.3030 *
1.2990 **
1.2950 ***
1.2930 Last
1.2895 **
1.2860 *
1.2830 *
Preference: short positions below 1.2970 with targets at 1.2895 & 1.2860 in extension.
Alternative scenario: above 1.2970 look for further upside with 1.2990 & 1.3030 as targets.
Comment: as long as the resistance at 1.2970 is not surpassed, the risk of the break below 1.2895 remains high.
Supports and resistances:
1.3030 *
1.2990 **
1.2950 ***
1.2930 Last
1.2895 **
1.2860 *
1.2830 *
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