GBP Trading Outlook (11-03-2016)
GBP/USD Intraday: bullish bias above 1.4220.
Pivot: 1.4220
Our preference: long positions above 1.4220 with targets @ 1.4335 & 1.4390 in extension.
Alternative scenario: below 1.4220 look for further downside with 1.4130 & 1.4070 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
1.4455 **
1.4390 ***
1.4335 ***
1.4297 Last
1.4220 ***
1.4130 ***
1.4070 **