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GBP Trading Outlook (03-02-2016)

GBP/USD Intraday: key resistance at 1.448.

Pivot: 1.448

Our preference: short positions below 1.448 with targets @ 1.4325 & 1.4245 in extension.

Alternative scenario: above 1.448 look for further upside with 1.4535 & 1.459 as targets.

Comment: the RSI is mixed and calls for caution. The bullish channel resistance maintains a bearish bias.

Supports and resistances:
1.459 **
1.4535 **
1.448 ***
1.441 Last
1.4325 *
1.4245 **
1.4185 **

 

Back to GBP Trading Outlook Archive

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