Tanalys

GBP/USD Intraday: bullish bias above 1.691.

Pivot: 1.691

Our preference: Long positions above 1.691 with targets @ 1.7 1.703 in extension.

Alternative scenario: Below 1.691 look for further downside with 1.688 1.686 as targets.

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

Supports and resistances:

1.7065

1.703

1.7

1.6971 Last

1.691

1.688

1.686

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