Tanalys

GBP/USD intraday: key ST resistance at 1.518.

Pivot: 1.518

Our preference: Short positions below 1.518 with targets @ 1.511 1.507 in extension.

Alternative scenario: Above 1.518 look for further upside with 1.5225 1.528 as targets.

Comment: as long as 1.518 is resistance, look for choppy price action with a bearish bias.

Key levels

1.528

1.5225

1.518

1.5156 last

1.511

1.507

1.5025

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