GBP Trading Outlook (12-01-2016)
GBP/USD Intraday: the upside prevails
Pivot: 1.449
Our preference: long positions above 1.449 with targets @ 1.46 & 1.4645 in extension.
Alternative scenario: below 1.449 look for further downside with 1.445 & 1.44 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.4685 ***
1.4645 ***
1.46 ***
1.454 Last
1.449 ***
1.445 **
1.44 *