GBP Trading Outlook (23-03-2016)

GBP/USD Intraday: under pressure.

Pivot: 1.4290

Our preference: short positions below 1.4290 with targets @ 1.4140 & 1.4050 in extension.

Alternative scenario: above 1.4290 look for further upside with 1.4360 & 1.4405 as targets.

Comment: as long as the resistance at 1.4290 is not surpassed, the risk of the break below 1.4140 remains high.

Supports and resistances:
1.4405 ***
1.4360 ***
1.4290 ***
1.4216 Last
1.4140 ***
1.4050 ***
1.3985 **

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