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GBP/USD Intraday: consolidation.Pivot: 1.3875 Our preference: | SquaredFinancial

GBP/USD Intraday: consolidation.Pivot: 1.3875

Our preference: short positions below 1.3875 with targets at 1.3830 & 1.3815 in extension.

Alternative scenario: above 1.3875 look for further upside with 1.3890 & 1.3910 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.3910
1.3890
1.3875
1.3856 Last
1.3830
1.3815
1.3790

https://charts.tradingcentral.com/charts/76_20210816092052.gif