8075562 11/6/2017 8:38 AM, GBP/USD ST: caution.


Pivot: 1.3020


Our preference:

long positions above 1.3020 with targets at 1.3340 & 1.3660 in extension.


Alternative scenario:

below 1.3020 look for further downside with 1.2780 & 1.2600 as targets.


Comment:

a support base at 1.3020 has formed and has allowed for a temporary stabilisation.


Supports and resistances:


1.3840 ***

1.3660 ***

1.3340 ***


1.3063

Last

1.3020 ***

1.2780 ***

1.2600 ***