GBP Trading Outlook (08-03-2016)
GBP/USD Intraday: the upside prevails.
Pivot: 1.4131
Our preference: long positions above 1.4131 with targets @ 1.4305 & 1.4405 in extension.
Alternative scenario: below 1.4131 look for further downside with 1.4020 & 1.3980 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
1.4515 **
1.4405 ***
1.4305 ***
1.4256 Last
1.4131 **
1.4020 ***
1.3980 ***