GBP/USD intraday: the bias remains bullish. – 27-May-2013

Pivot: 1.507

Our preference: Long positions above 1.507 with targets @ 1.5155 & 1.522 in extension.

Alternative scenario: Below 1.507 look for further downside with 1.501 & 1.4955 as targets.

Comment: the pair is on the upside and is challenging its resistance.

Key levels
1.526
1.522
1.5155
1.5131 last
1.507
1.501
1.4955