Tanalys

GBP/USD Intraday: key resistance at 1.7.

Pivot: 1.7

Our preference: Short positions below 1.7 with targets @ 1.692 1.6895 in extension.

Alternative scenario: Above 1.7 look for further upside with 1.703 1.7065 as targets.

Comment: As long as 1.7 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.7065

1.703

1.7

1.6953 Last

1.692

1.6895

1.685

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version