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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