GBP Trading Outlook (23-02-2016)
GBP/USD Intraday: under pressure.
Pivot: 1.4250
Our preference: short positions below 1.4250 with targets @ 1.4055 & 1.3990 in extension.
Alternative scenario: above 1.4250 look for further upside with 1.4340 & 1.4405 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1.4405 ***
1.4340 **
1.4250 ***
1.4149 Last
1.4055 **
1.3990 **
1.3920 **