GBP Trading Outlook (18-01-2016)
GBP/USD ST: the downside prevails
Pivot: 1.495
Our preference: short positions below 1.495 with targets @ 1.423 & 1.395 in extension.
Alternative scenario: above 1.495 look for further upside with 1.524 & 1.566 as targets.
Comment: a break below 1.423 would trigger a drop towards 1.395.
Supports and resistances:
1.566 ***
1.524 ***
1.495 ***
1.4271 Last
1.423 ***
1.395 ***
1.363 **