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 **