GBP Trading Outlook (18-12-2015)

GBP/USD

Pivot: 1.501

Our preference: short positions below 1.501 with targets @ 1.485 & 1.48 in extension.

Alternative scenario: above 1.501 look for further upside with 1.507 & 1.5105 as targets.

Comment: a break below 1.485 would trigger a drop towards 1.48.

Supports and resistances:
1.5105 ***
1.507 ***
1.501 ***
1.4906 Last
1.485 ***
1.48 ***
1.473 ***

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