Tanalys

GBP/USD Intraday: bullish bias above 1.5045.

Pivot: 1.5045

Our preference: Long positions above 1.5045 with targets @ 1.5095 1.5125 in extension.

Alternative scenario: Below 1.5045 look for further downside with 1.501 1.499 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.515 ***

1.5125 ***

1.5095 **

1.5068 Last

1.5045 **

1.501 **

1.499 **

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