GBP Trading Outlook (31-12-2015)
GBP/USD Intraday: the downside prevails
Pivot: 1.487
Our preference: short positions below 1.487 with targets @ 1.478 & 1.476 in extension.
Alternative scenario: above 1.487 look for further upside with 1.4915 & 1.4945 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1.4945 ***
1.4915 **
1.487 ***
1.4809 Last
1.478 ***
1.476 **
1.474 **