UncategorizedWeekly Analysis

GBP/USD Intraday: target 1.2800.

Pivot: 1.2900

Our preference: short positions below 1.2900 with targets at 1.2825 & 1.2800 in extension.

Alternative scenario: above 1.2900 look for further upside with 1.2930 & 1.2965 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:
1.2965
1.2930
1.2900
1.2861 Last
1.2825
1.2800
1.2775

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