GBP Trading Outlook (29-02-2016)

GBP/USD Intraday: under pressure.

Pivot: 1.3950

Our preference: short positions below 1.3950 with targets @ 1.3823 & 1.3765 in extension.

Alternative scenario: above 1.3950 look for further upside with 1.3990 & 1.4030 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
1.4030 **
1.3990 ***
1.3950 ***
1.3860 Last
1.3823 ***
1.3765 **
1.3700 **

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