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 ***

Back to GBP Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.