GBP Trading Outlook (06-01-2016)
GBP/USD Intraday: the downside prevails
Pivot: 1.4725
Our preference: short positions below 1.4725 with targets @ 1.463 & 1.459 in extension.
Alternative scenario: above 1.4725 look for further upside with 1.4755 & 1.479 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
1.479 **
1.4755 ***
1.4725 ***
1.4663 Last
1.463 **
1.459 **
1.457 **