Tanalys

GBP/USD Intraday: bullish bias above 1.4855.

Pivot: 1.4855

Our preference: Long positions above 1.4855 with targets @ 1.4985 1.505 in extension.

Alternative scenario: Below 1.4855 look for further downside with 1.48 1.475 as targets.

Comment: A support base at 1.4855 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.51 ***

1.505 **

1.4985 ***

1.4934 Last

1.4855 ***

1.48 ***

1.475 **

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