GBPUSD intraday technical analysis - 13/08/2018

GBPUSD

1.27565 / 1.27572

SUMMARY

Up

TREND

Upward penetration

SENTIMENT

Bullish

VOLATILITY

Low

MARKET ANALYSIS

Upwards scenario: On the upside potential is seen for a break above the resistance at 1.2792 (R1). In such case we would suggest next target at 1.2832 (R2) and any further rise would then be limited to final resistance at 1.2869 (R3).
Downwards scenario: Our next support measure at 1.2728 (S1) prevents possible retracement evolvement. Break here is required to enable lower target at 1.2692 (S2) and any further market weakening would then be targeting final support for today at 1.2656 (S3).

Resistance levels: 1.2792, 1.2832, 1.2869

Support levels: 1.2728, 1.2692, 1.2656