• GBP/USD Intraday: key resistance at 1.2470.

    GBP/USD Intraday: key resistance at 1.2470.

       

         
          Pivot: 1.2470

    Most Likely Scenario: short positions below 1.2470 with targets at 1.2400 & 1.2380 in extension.

    Alternative scenario: above 1.2470 look for further upside with 1.2505 & 1.2545 as targets.

    Comment: as long as the resistance at 1.2470 is not surpassed, the risk of the break below 1.2400 remains high.

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