GBP/USD Intraday: Bullish bias above 1.2815


Under pressure.




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Pivot (invalidation): 1.1490

Our preference
Short positions below 1.1490 with targets at 1.1455 & 1.1435 in extension.

Alternative scenario
Above 1.1490 look for further upside with 1.1515 & 1.1540 as targets.

As Long as the resistance at 1.1490 is not surpassed, the risk of the break below 1.1455 remains high.



Bullish bias above 1.2815.


Pivot (invalidation): 1.2815

Our preference
Long positions above 1.2815 with targets at 1.2880 & 1.2910 in extension.

Alternative scenario
Below 1.2815 look for further downside with 1.2780 & 1.2735 as targets.

Technically the RSI is above its neutrality area at 50.



Turning down.


Pivot (invalidation): 108.35

Our preference
Short positions below 108.35 with targets at 108.00 & 107.75 in extension.

Alternative scenario
Above 108.35 look for further upside with 108.60 & 108.80 as targets.

The break below 108.35 is a negative signal that has opened a path to 108.00.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.