GBP Trading Outlook (19-02-2016)

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.4270

Our preference: long positions above 1.4270 with targets @ 1.4400 & 1.4465 in extension.

Alternative scenario: below 1.4270 look for further downside with 1.4240 & 1.4205 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
1.4515 ***
1.4465 **
1.4400 ***
1.4331 Last
1.4270 **
1.4240 ***
1.4205 **

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