GBP Trading Outlook (02-03-2016)

GBP/USD Intraday: the upside prevails.

Pivot: 1.3900

Our preference: long positions above 1.3900 with targets @ 1.4020 & 1.4045 in extension.

Alternative scenario: below 1.3900 look for further downside with 1.3840 & 1.3765 as targets.

Comment: the RSI is badly directed.

Supports and resistances:
1.4120 **
1.4045 **
1.4020 ***
1.3952 Last
1.3900 ***
1.3840 ***
1.3765 **

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