GBP Trading Outlook (26-01-2016)

GBP/USD Intraday: under pressure

Pivot: 1.431

Our preference: short positions below 1.431 with targets @ 1.42 & 1.4165 in extension.

Alternative scenario: above 1.431 look for further upside with 1.436 & 1.44 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

1.44 ***

1.436 ***

1.431 ***

1.424 Last

1.42 ***

1.4165 **

1.4125 ***

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