GBP Trading Outlook (10-03-2016)

GBP/USD Intraday: bullish bias above 1.4170.

Pivot: 1.4170

Our preference: long positions above 1.4170 with targets @ 1.4275 & 1.4335 in extension.

Alternative scenario: below 1.4170 look for further downside with 1.4130 & 1.4070 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.4385 ***
1.4335 **
1.4275 ***
1.4180 Last
1.4170 ***
1.4130 ***
1.4070 ***

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