8083572 11/7/2017 7:33 PM, GBP/USD Intraday: intraday support around 1.3125.


Pivot: 1.3125


Our preference:

long positions above 1.3125 with targets at 1.3175 & 1.3200 in extension.


Alternative scenario:

below 1.3125 look for further downside with 1.3080 & 1.3040 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Supports and resistances:


1.3235 **

1.3200 *

1.3175 *


1.3128

Last

1.3125 ***

1.3080 *

1.3040 *