GBP Trading Outlook (04-03-2016)
GBP/USD Intraday: the upside prevails.
Pivot: 1.4020
Our preference: long positions above 1.4020 with targets @ 1.4215 & 1.4255 in extension.
Alternative scenario: below 1.4020 look for further downside with 1.3980 & 1.3910 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
1.4305 ***
1.4255 **
1.4215 ***
1.4076 Last
1.4020 ***
1.3980 **
1.3910 ***