GBP/USD Intraday: capped by a negative trend line.
Pivot: 1.2735
Our preference: short positions below 1.2735 with targets at 1.2680 & 1.2660 in extension.
Alternative scenario: above 1.2735 look for further upside with 1.2755 & 1.2775 as targets.
Comment: as long as the resistance at 1.2735 is not surpassed, the risk of the break below 1.2680 remains high.
Supports and resistances:
1.2775
1.2755
1.2735
1.2699 Last
1.2680
1.2660
1.2645
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