GBP Trading Outlook (24-12-2015)

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.483

Our preference: long positions above 1.483 with targets @ 1.491 & 1.495 in extension.

Alternative scenario: below 1.483 look for further downside with 1.48 & 1.476 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
1.4985 **
1.495 ***
1.491 ***
1.488 Last
1.483 ***
1.48 ***
1.476 **

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