Tanalys

GBP/USD Intraday: bullish bias above 1.517.

Pivot: 1.517

Our preference: Long positions above 1.517 with targets @ 1.524 1.5275 in extension.

Alternative scenario: Below 1.517 look for further downside with 1.514 1.5095 as targets.

Comment: A support base at 1.517 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.531 **

1.5275 **

1.524 ***

1.519 Last

1.517 **

1.514 ***

1.5095 ***

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