GBP/USD Intraday: watch 1.2280.
Short positions below 1.2340 with targets at 1.2280 & 1.2240 in extension.
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Short positions below 1.2340 with targets at 1.2280 & 1.2240 in extension.
Short positions below 1.0840 with targets at 1.0790 & 1.0760 in extension.
The configuration is negative.
Alternative scenario: the upside breakout of 0.6248 would call for 0.6277 and 0.6294.
Alternative scenario: the downside breakout of 1.3299 would call for 1.3269 and 1.3252.
Our preference: the downside prevails as long as 0.8809 is resistance.
Our preference: the downside prevails as long as 144.40 is resistance.
Alternative scenario: the downside breakout of 1.7322 would call for 1.7265 and 1.7231.
Alternative scenario: the upside breakout of 89 would call for 89.36 and 89.58.
Long positions above 132.65 with targets at 133.60 & 133.85 in extension.
Short positions below 1.2350 with targets at 1.2280 & 1.2240 in extension.
Short positions below 1.0850 with targets at 1.0790 & 1.0760 in extension.