GBP Trading Outlook (22-02-2016)
GBP/USD Intraday: under pressure
Pivot: 1.4340
Our preference: short positions below 1.4340 with targets @ 1.4250 & 1.4205 in extension.
Alternative scenario: above 1.4340 look for further upside with 1.4405 & 1.4465 as targets.
Comment: the RSI is badly directed.
Supports and resistances:
1.4465 **
1.4405 ***
1.4340 ***
1.4296 Last
1.4250 ***
1.4205 **
1.4170 ***