GBP Trading Outlook (26-02-2016)
GBP/USD Intraday: range.
Pivot: 1.3875
Our preference: long positions above 1.3875 with targets @ 1.3995 & 1.4050 in extension.
Alternative scenario: below 1.3875 look for further downside with 1.3820 & 1.3750 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
1.4120 **
1.4050 **
1.3995 ***
1.3956 Last
1.3875 ***
1.3820 **
1.3750 **