GBP/USD Intraday: capped by a negative trend line.
October 26, 01:41 AM (UTC+1)
Pivot: 1.3790.
Our preference: short positions below 1.3790 with targets at 1.3740 & 1.3720 in extension.
Alternative scenario: above 1.3790 look for further upside with 1.3810 & 1.3830 as targets.
Comment: as long as the resistance at 1.3790 is not surpassed, the risk of the break below 1.3740 remains high.
Supports and resistances:
1.3830,
1.3810,
1.3790,
1.3760 Last,
1.3740,
1.3720,
1.3700,
Investment horizon: INTRADAY.
Jason M
