8087848 11/8/2017 1:34 PM, GBP/USD Intraday: continuation of the rebound.


Pivot: 1.3130


Our preference:

long positions above 1.3130 with targets at 1.3175 & 1.3200 in extension.


Alternative scenario:

below 1.3130 look for further downside with 1.3080 & 1.3040 as targets.


Comment:

the RSI lacks downward momentum.


Supports and resistances:


1.3235 **

1.3200 **

1.3175 ***


1.3152

Last

1.3130 *

1.3080 **

1.3040 *