GBP Trading Outlook (10-02-2016)

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.4435

Our preference: long positions above 1.4435 with targets @ 1.4515 & 1.4550 in extension.

Alternative scenario: below 1.4435 look for further downside with 1.4375 & 1.4325 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
1.4590 **
1.4550 **
1.4515 **
1.4468 Last
1.4435 ***
1.4375 **
1.4325 ***

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