GBP Trading Outlook (14-01-2016)

GBP/USD Intraday: key resistance at 1.4475

Pivot: 1.4475

Our preference: short positions below 1.4475 with targets @ 1.435 & 1.43 in extension.

Alternative scenario: above 1.4475 look for further upside with 1.4515 & 1.456 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.456 ***
1.4515 ***
1.4475 ***
1.4421 Last
1.435 **
1.43 *
1.4225 *

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