GBP Trading Outlook (03-03-2016)

GBP/USD Intraday: the upside prevails

Pivot: 1.4020

Our preference: long positions above 1.4020 with targets @ 1.4130 & 1.4160 in extension.

Alternative scenario: below 1.4020 look for further downside with 1.3980 & 1.3911 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.4250 **
1.4160 **
1.4130 ***
1.4077 Last
1.4020 ***
1.3980 ***
1.3911 **

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