7979577 10/12/2017 2:40 AM, GBP/USD Intraday: further upside.


Pivot: 1.3175


Our preference:

long positions above 1.3175 with targets at 1.3260 & 1.3290 in extension.


Alternative scenario:

below 1.3175 look for further downside with 1.3130 & 1.3100 as targets.


Comment:

the RSI broke above a bearish trend line. Prices broke above a falling broadening wedge pattern.


Supports and resistances:


1.3315

1.3290

1.3260


1.3224

Last

1.3175

1.3130

1.3100