MARKET ANALYSIS - Intraday Analysis GBP/USD Upwards scenario: - TopicsExpress

MARKET ANALYSIS - Intraday Analysis GBP/USD Upwards scenario: Measures of resistance might be activating when the pair approaches 1.6180 (R1). Break here would suggest next interim target at 1.6210 (R2) and If the pair keeps its momentum we would expect an exposure of 1.6238 (R3). Downwards scenario: Risk of market weakening is seen below the support level at 1.6139 (S1). Loss here is required to enable our supportive barrier at 1.6111 (S2) en route towards to final target for today at 1.6083 (S3). Resistance Levels: 1.6180, 1.6210, 1.6238 Support Levels: 1.6139, 1.6111, 1.6083

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