Tuesday, 9 May 2017

GBP/USD Intraday 09 May 2017

GBP/USD Intraday: key resistance at 1.2965.
Pivot: 1.2965


Most likely scenario: short positions below 1.2965 with targets at 1.2925 & 1.2900 in extension.



Alternative scenario: above 1.2965 look for further upside with 1.2990 & 1.3020 as targets.



Comment: as long as the resistance at 1.2965 is not surpassed, the risk of the break below 1.2925 remains high.


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