7748187 8/9/2017 6:40 PM, GBP/USD ST: the bias remains bullish.


Pivot: 1.2600


Our preference:

long positions above 1.2600 with targets at 1.3440 & 1.4000 in extension.


Alternative scenario:

below 1.2600 look for further downside with 1.2350 & 1.1975 as targets.


Comment:

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


Supports and resistances:


1.4355 ***

1.4000 **

1.3440 ***


1.3100

Last

1.2600 ***

1.2350 **

1.1975 **