The break above 111.25 has confirmed a reversal of the whole slide since 111.80 peak and the outlook is positive, for a test of 112.15 high. Minor support lies at 111.66.

resistance
intraday	intraweek
112.15	113.00
112.15	114.50

support
intraday	intraweek
111.66	108.90
111.25	107.40

resistance

intraday

intraweek

112.15

113.00

112.15

114.50

support

intraday

intraweek

111.66

108.90

111.25

107.40

GBP/USD Current level - 1.3057

The intraday bias is neutral and only a violation of 1.3120 will allow a test of 1.3200 area. Crucial support lies at 1.2960.

resistance
intraday	intraweek
1.3120	1.3450
1.3200	1.3450

support
intraday	intraweek
1.2960	1.2820
1.2960	1.2610

resistance

intraday

intraweek

1.3120

1.3450

1.3200

1.3450

support

intraday

intraweek

1.2960

1.2820

1.2960

1.2610

Author

Stoyan Mihaylov

DeltaStock.com

Stoyan Mihaylov, 42 years old, a Financial Analyst at Deltastock Inc, has an sixteen-year background as a senior FX Dealer, trading spot and outright forwards.

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