Tanalys

GBP/USD Intraday: key resistance at 1.423.

Pivot: 1.423

Our preference: short positions below 1.423 with targets @ 1.4125 1.408 in extension.

Alternative scenario: above 1.423 look for further upside with 1.427 1.432 as targets.

Comment: as long as 1.423 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.432 ***

1.427 ***

1.423 ***

1.4188 Last

1.4125 **

1.408 *

1.4005 *

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