GBP Trading Outlook (17-03-2016)
GBP/USD Intraday: bounce.
Pivot: 1.4145
Our preference: long positions above 1.4145 with targets @ 1.4280 & 1.4340 in extension.
Alternative scenario: below 1.4145 look for further downside with 1.4085 & 1.4050 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
1.4390 ***
1.4340 ***
1.4280 **
1.4258 Last
1.4145 ***
1.4085 **
1.4050 ***