GBP Trading Outlook (11-02-2016)
GBP/USD Intraday: the upside prevails.
Pivot: 1.4435
Our preference: long positions above 1.4435 with targets @ 1.4570 & 1.4615 in extension.
Alternative scenario: below 1.4435 look for further downside with 1.4375 & 1.4325 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
1.4650 **
1.4615 **
1.4570 **
1.4531 Last
1.4435 ***
1.4375 ***
1.4325 **