GBP/USD Intraday:

2016-10-05

Pivot: 1.2775

Our preference: short positions below 1.2775 with targets @ 1.2685 & 1.2640 in extension.

Alternative scenario: above 1.2775 look for further upside with 1.2815 & 1.2850 as targets.

Comment: The pair is trading within a bearish channel.

Supports and resistances:
1.2850 ***
1.2815 ***
1.2775 **
1.2702 Last
1.2685 **
1.2640 *
1.2590 *