Tanalys

GBP/USD intraday: bullish bias above 1.5075.

Pivot: 1.5075

Our preference: Long positions above 1.5075 with targets @ 1.5185 1.522 in extension.

Alternative scenario: Below 1.5075 look for further downside with 1.5025 1.498 as targets.

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

Key levels

1.53

1.522

1.5185

1.5117 last

1.5075

1.5025

1.498

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