GBP/USD Intraday:

2016-10-11

Pivot: 1.2400

Our preference: short positions below 1.2400 with targets at 1.2225 & 1.2120 in extension.

Alternative scenario: above 1.2400 look for further upside with 1.2485 & 1.2600 as targets.

Comment: as long as 1.2400 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.2600 ***
1.2485 ***
1.2400 ***
1.2310 Last
1.2225 ***
1.2120 *
1.2010 *