Tanalys

GBP/USD Intraday: capped by a negative trend line.

Pivot: 1.648

Our preference: Short positions below 1.648 with targets @ 1.639 1.636 in extension.

Alternative scenario: Above 1.648 look for further upside with 1.6535 1.659 as targets.

Comment: the RSI is capped by a bearish trend line.

Supports and resistances:

1.659

1.6535

1.648

1.6423 Last

1.639

1.636

1.6305

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