GBP Trading Outlook (22-01-2016)

GBP/USD Intraday: the upside prevails.

Pivot: 1.4125

Our preference: long positions above 1.4125 with targets @ 1.427 & 1.4325 in extension.

Alternative scenario: below 1.4125 look for further downside with 1.408 & 1.4005 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
1.4365 ***
1.4325 ***
1.427 **
1.4224 Last
1.4125 *
1.408 *
1.4005 *

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