GBP/USD Intraday: under pressure.

2016-09-30

GBP/USD Intraday: under pressure.
Pivot: 1.3010

Our preference: short positions below 1.3010 with targets @ 1.2945 & 1.2920 in extension.

Alternative scenario: above 1.3010 look for further upside with 1.3030 & 1.3060 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:
1.3060 ***
1.3030 ***
1.3010 ***
1.2964 Last
1.2945 ***
1.2920 ***
1.2900 ***