GBP/USD intraday: intraday support around 1.5050

GBPUSD201352417591Pivot: 1.505

Our preference: Long positions above 1.505 with targets @ 1.5155 & 1.522 in extension.

Alternative scenario: Below 1.505 look for further downside with 1.501 & 1.4955 as targets.

Comment: the pair has rebounded on its new support and remains on the upside. Continue reading

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