GBPUSD intraday technical analysis - 11/12/2017

GBPUSD

1.34094 / 1.34103

SUMMARY

Up

TREND

Upward penetration

SENTIMENT

Bullish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: On the upside, clearance of our next resistance at 1.3431 (R1) is required to open way towards to next target at 13475 (R2). Last resistance level for today is seen 1.3519 (R3).
Downwards scenario: Market sentiment on the bullish side now, however potential to establish correction phase is seen below the fractal level at 1.3396 (S1). Positive retest here suggest next intraday targets at 1.3355 (S2) and 1.3319 (S3).

Resistance levels: 1.3431, 13475, 1.3519

Support levels: 1.3396, 1.3355, 1.3319