Tanalys

GBP/USD Intraday: key resistance at 1.538.

Pivot: 1.538

Our preference: Short positions below 1.538 with targets @ 1.5305 1.529 in extension.

Alternative scenario: Above 1.538 look for further upside with 1.542 1.5475 as targets.

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

Supports and resistances:

1.5475 **

1.542 ***

1.538 ***

1.5338 Last

1.5305 **

1.529 **

1.526 ***

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