GBP/USD Intraday: the upside prevails.

GBPUSD

Trading Central 2021-02-24 11:51:15

Pivot: 1.4100

Our preference: long positions above 1.4100 with targets at 1.4200 & 1.4240 in extension.

Alternative scenario: below 1.4100 look for further downside with 1.4055 & 1.4015 as targets.

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

Supports and resistances:

1.4270

1.4240

1.4200

1.4166 Last

1.4100

1.4055

1.4015

Disclaimer

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