GBP/USD Intraday: key resistance at 1.3070.

Pivot: 1.3070

Our preference: short positions below 1.3070 with targets at 1.2980 & 1.2950 in extension.

Alternative scenario: above 1.3070 look for further upside with 1.3110 & 1.3140 as targets.

Comment: as long as 1.3070 is resistance, likely decline to 1.2980.

Supports and resistances:

1.3140

1.3110

1.3070

1.3018 Last

1.2980

1.2950

1.2920