GBP Trading Outlook (21-12-2015)
GBP/USD
Pivot: 1.566
Our preference: short positions below 1.566 with targets @ 1.485 & 1.456 in extension.
Alternative scenario: above 1.566 look for further upside with 1.594 & 1.619 as targets.
Comment: a break below 1.485 would trigger a drop towards 1.456.
Supports and resistances:
1.619 **
1.594 ***
1.566 ***
1.4909 Last
1.485 ***
1.456 **
1.423 ***