GBP Trading Outlook (04-01-2016)
GBP/USD ST: the downside prevails
Pivot: 1.533
Our preference: short positions below 1.533 with targets @ 1.456 & 1.423 in extension.
Alternative scenario: above 1.533 look for further upside with 1.566 & 1.594 as targets.
Comment: the RSI is capped by a declining trend line.
Supports and resistances:
1.594 ***
1.566 ***
1.533 ***
1.4727 Last
1.456 ***
1.423 ***
1.395 **