GBP Trading Outlook (18-03-2016)
GBP/USD Intraday: the upside prevails.
Pivot: 1.4360
Our preference: long positions above 1.4360 with targets @ 1.4510 & 1.4575 in extension.
Alternative scenario: below 1.4360 look for further downside with 1.4290 & 1.4200 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
1.4665 ***
1.4575 ***
1.4510 ***
1.4488 Last
1.4360 ***
1.4290 ***
1.4200 **