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 *

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