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GBP Trading Outlook (17-02-2016)

GBP/USD Intraday: under pressure.

Pivot: 1.4400

Our preference: short positions below 1.4400 with targets @ 1.4240 & 1.4205 in extension.

Alternative scenario: above 1.4400 look for further upside with 1.4465 & 1.4505 as targets.

Comment: as long as the resistance at 1.4400 is not surpassed, the risk of the break below 1.4240 remains high.

Supports and resistances:
1.4505 ***
1.4465 **
1.4400 ***
1.4306 Last
1.4240 **
1.4205 **
1.4145 ***

 

Back to GBP Trading Outlook Archive

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