GBP Trading Outlook (23-12-2015)

GBP/USD

Pivot: 1.491

Our preference: short positions below 1.491 with targets @ 1.48 & 1.476 in extension.

Alternative scenario: above 1.491 look for further upside with 1.495 & 1.499 as targets.

Comment: a break below 1.48 would trigger a drop towards 1.476.

Supports and resistances:
1.499 *
1.495 ***
1.491 **
1.4825 Last
1.48 **
1.476 **
1.472 **

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