GBP Trading Outlook (18-04-2016)

Trade GBP/USD ST: under pressure

Pivot: 1.4660

Our preference: short positions below 1.4660 with targets @ 1.3835 & 1.3630 in extension.

Alternative scenario: above 1.4660 look for further upside with 1.4950 & 1.5240 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.5240 **
1.4950 ***
1.4660 ***
1.4178 Last
1.3835 ***
1.3630 ***
1.3180 **

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