Tanalys

GBP/USD Intraday: key resistance at 1.58.

Pivot: 1.58

Our preference: Short positions below 1.58 with targets @ 1.5705 1.565 in extension.

Alternative scenario: Above 1.58 look for further upside with 1.5865 1.591 as targets.

Comment: As long as the resistance at 1.58 is not surpassed, the risk of the break below 1.5705 remains high.

Supports and resistances:

1.591 **

1.5865 **

1.58 ***

1.5719 Last

1.5705 **

1.565 **

1.5605 ***

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