GBP Trading Outlook (16-03-2016)

GBP/USD Intraday: the downside prevails.

Pivot: 1.4250

Our preference: short positions below 1.4250 with targets @ 1.4130 & 1.4090 in extension.

Alternative scenario: above 1.4250 look for further upside with 1.4290 & 1.4335 as targets.

Comment: the RSI is mixed with a bearish bias.

Supports and resistances:
1.4335 **
1.4290 **
1.4250 ***
1.4156 Last
1.4130 ***
1.4090 **
1.4025 ***

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