Tanalys

GBP/USD intraday: bullish bias above 1.5205

Pivot: 1.5205.

Our preference: LONG positions above 1.5205 with 1.528 1.533 in sight.

Alternative scenario: The downside penetration of 1.5205 will call for 1.5155 1.511.

Comment: the break above 1.5205 is a positive signal that has opened a path to 1.528.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.538** Fib retracement (50%)

1.533** Fib retracement (38.2%)

1.528** Intraday resistance

1.5245 Last

1.5205**** Intraday pivot point

1.5155** Intraday support

1.511** Fib projection

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