Tanalys

GBP/USD intraday: key ST resistance at 1.602

Pivot: 1.6020.

Our preference: SHORT positions below 1.602 with targets @ 1.5955 1.593.

Alternative scenario: The upside penetration of 1.602 will call for 1.6065 1.611.

Comment: the pair has struck against its resistance and remains under pressure.

Trend: ST Ltd Upside; MT Range

Key levels Comment

1.611*** Intraday resistance

1.6065** Intraday resistance

1.602*** Intraday pivot point

1.5982 Last

1.5955*** Intraday support

1.593*** Intraday support

1.588*** Intraday support

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