8074796 11/4/2017 2:28 AM, GBP/USD Intraday: consolidation.


Pivot: 1.3040


Our preference:

long positions above 1.3040 with targets at 1.3135 & 1.3170 in extension.


Alternative scenario:

below 1.3040 look for further downside with 1.3000 & 1.2950 as targets.


Comment:

a support base at 1.3040 has formed and has allowed for a temporary stabilisation.


Supports and resistances:


1.3190

1.3170

1.3135


1.3075

Last

1.3040

1.3000

1.2950