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 ***

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