7752679 8/10/2017 12:10 PM, GBP/USD Intraday: the bias remains bullish.


Pivot: 1.2970


Our preference:

long positions above 1.2970 with targets at 1.3025 & 1.3055 in extension.


Alternative scenario:

below 1.2970 look for further downside with 1.2950 & 1.2930 as targets.


Comment:

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


Supports and resistances:


1.3105 ***

1.3055 ***

1.3025 ***


1.3000

Last

1.2970 ***

1.2950 ***

1.2930 ***