GBP/USD Intraday: key resistance at 1.2100.
Pivot: 1.2100
Our preference: short positions below 1.2100 with targets at 1.2050 & 1.2025 in extension.
Alternative scenario: above 1.2100 look for further upside with 1.2125 & 1.2150 as targets.
Comment: as long as the resistance at 1.2100 is not surpassed, the risk of the break below 1.2050 remains high.
Supports and resistances:
1.2150
1.2125
1.2100
1.2081 Last
1.2050
1.2025
1.2000
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