Tanalys

GBP/USD Intraday: bullish bias above 1.5405.

Pivot: 1.5405

Our preference: Long positions above 1.5405 with targets @ 1.551 1.553 in extension.

Alternative scenario: Below 1.5405 look for further downside with 1.5375 1.5345 as targets.

Comment: A support base at 1.5405 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.555 **

1.553 **

1.551 ***

1.5421 Last

1.5405 ***

1.5375 ***

1.5345 **

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