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 **