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 ***