GBP Trading Outlook (07-03-2016)

GBP/USD Intraday: the upside prevails.

Pivot: 1.4095

Our preference: long positions above 1.4095 with targets @ 1.4255 & 1.4305 in extension.

Alternative scenario: below 1.4095 look for further downside with 1.4020 & 1.3980 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.4345 **
1.4305 **
1.4255 ***
1.4219 Last
1.4095 ***
1.4020 ***
1.3980 **

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