GBP Trading Outlook (29-12-2015)
GBP/USD Intraday: the downside prevails
Pivot: 1.493
Our preference: short positions below 1.493 with targets @ 1.4855 & 1.483 in extension.
Alternative scenario: above 1.493 look for further upside with 1.4985 & 1.502 as targets.
Comment: a break below 1.4855 would trigger a drop towards 1.483.
Supports and resistances:
1.502 **
1.4985 ***
1.493 **
1.488 Last
1.4855 ***
1.483 **
1.4805 **
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