Tanalys

GBP/USD ST: bullish bias above 1.507.

Pivot: 1.507

Our preference: Long positions above 1.507 with targets @ 1.567 1.594 in extension.

Alternative scenario: Below 1.507 look for further downside with 1.485 1.456 as targets.

Comment: A support base at 1.507 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.619 **

1.594 **

1.567 ***

1.5194 Last

1.507 ***

1.485 **

1.456 ***

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