GBP Trading Outlook (25-02-2016)
GBP/USD Intraday: the downside prevails.
Pivot: 1.4050
Our preference: short positions below 1.4050 with targets @ 1.3875 & 1.3820 in extension.
Alternative scenario: above 1.4050 look for further upside with 1.4170 & 1.4250 as targets.
Comment: a break below 1.3875 would trigger a drop towards 1.3820.
Supports and resistances:
1.4250 ***
1.4170 **
1.4050 ***
1.3925 Last
1.3875 ***
1.3820 **
1.3750 **