GBP Trading Outlook (02-02-2016)

GBP/USD Intraday: the upside prevails.

Pivot: 1.432

Our preference: long positions above 1.432 with targets @ 1.4475 & 1.4535 in extension.

Alternative scenario: below 1.432 look for further downside with 1.4245 & 1.4185 as targets.

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

Supports and resistances:
1.46 **
1.4535 **
1.4475 **
1.4421 Last
1.432 **
1.4245 **
1.4185 **

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