GBP Trading Outlook (07-01-2016)

GBP/USD Intraday: the downside prevails

Pivot: 1.468

Our preference: short positions below 1.468 with targets @ 1.459 & 1.456 in extension.

Alternative scenario: above 1.468 look for further upside with 1.4725 & 1.4755 as targets.

Comment: technically the RSI is below its neutrality area at 50. The pair is trading within a bearish channel.

Supports and resistances:
1.4755 **
1.4725 ***
1.468 ***
1.4622 Last
1.459 **
1.456 **
1.4535 **

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.