7639477 7/12/2017 12:18 PM, GBP/USD Intraday: key resistance at 1.2870.


Pivot: 1.2870


Our preference:

short positions below 1.2870 with targets at 1.2825 & 1.2805 in extension.


Alternative scenario:

above 1.2870 look for further upside with 1.2895 & 1.2920 as targets.


Comment:

the index currently faces a challenging resistance area at 1.2870.


Supports and resistances:


1.2920 *

1.2895 **

1.2870 ***


1.2855

Last

1.2825 *

1.2805 *

1.2770 *