GBP Trading Outlook (11-01-2016)
GBP/USD Intraday: the downside prevails
Pivot: 1.4565
Our preference: short positions below 1.4565 with targets @ 1.445 & 1.44 in extension.
Alternative scenario: above 1.4565 look for further upside with 1.46 & 1.4645 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
1.4645 ***
1.46 ***
1.4565 ***
1.4503 Last
1.445 **
1.44 **
1.437 *