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 **