Tanalys

GBP/USD Intraday: bullish bias above 1.5115.

Pivot: 1.5115

Our preference: Long positions above 1.5115 with targets @ 1.5235 1.5265 in extension.

Alternative scenario: Below 1.5115 look for further downside with 1.507 1.5035 as targets.

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

Supports and resistances:

1.532 **

1.5265 ***

1.5235 **

1.5162 Last

1.5115 **

1.507 **

1.5035 ***

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