GBP Trading Outlook (09-03-2016)
GBP/USD Intraday: caution.
Pivot: 1.4275
Our preference: short positions below 1.4275 with targets @ 1.4130 & 1.4020 in extension.
Alternative scenario: above 1.4275 look for further upside with 1.4335 & 1.4405 as targets.
Comment: the RSI is mixed to bearish.
Supports and resistances:
1.4405 ***
1.4335 **
1.4275 ***
1.4222 Last
1.4130 ***
1.4020 ***
1.3910 ***