Tanalys

GBP/USD Intraday: key resistance at 1.5585.

Pivot: 1.5585

Our preference: Short positions below 1.5585 with targets @ 1.5535 1.5495 in extension.

Alternative scenario: Above 1.5585 look for further upside with 1.5605 1.563 as targets.

Comment: As long as 1.5585 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.563 ***

1.5605 **

1.5585 **

1.5566 Last

1.5535 **

1.5495 ***

1.5445 ***

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