GBP/USD AND EUR/USD Pivot Point
GBP/USD Intraday: under pressure.
Most Likely Scenario: Short positions below 1.5115 with targets @ 1.503 & 1.498 in extension.
Alternative scenario: Above 1.5115 look for further upside with 1.515 & 1.522 as targets.
Comment: The pair is posting a rebound but stands below its resistance.
EUR/USD News and Analysis
Most Likely Scenario: Long positions above 1.126 with targets @ 1.1395 & 1.146 in extension.
Alternative scenario: Below 1.126 look for further downside with 1.122 & 1.115 as targets.
Comment: The pair has rebounded above its support and remains on the upside.