Tanalys

GBP/USD ST: the upside prevails.

Pivot: 1.5

Our preference: Long positions above 1.5 with targets @ 1.584 1.605 in extension.

Alternative scenario: Below 1.5 look for further downside with 1.456 1.423 as targets.

Comment: The pair is rebounding above its support.

Supports and resistances:

1.6525 ***

1.605 **

1.584 ***

1.5291 Last

1.5 ***

1.456 ***

1.423 ***

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