GBP Trading Outlook (05-01-2016)

GBP/USD Intraday: the downside prevails.

Pivot: 1.4785

Our preference: short positions below 1.4785 with targets @ 1.4645 & 1.462 in extension.

Alternative scenario: above 1.4785 look for further upside with 1.4815 & 1.4845 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.4845 ***
1.4815 **
1.4785 ***
1.4707 Last
1.4645 ***
1.462 **
1.461 **
                                               

Back to GBP Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.