GBP Trading Outlook (17-05-2016)
Trade GBP/USD Intraday: further advance.
Pivot: 1.4420
Our preference: long positions above 1.4420 with targets @ 1.4530 & 1.4570 in extension.
Alternative scenario: below 1.4420 look for further downside with 1.4380 & 1.4335 as targets.
Comment: the RSI calls for a new upleg.
Supports and resistances:
1.4600 ***
1.4570 ***
1.4530 ***
1.4482 Last
1.4420 ***
1.4380 ***
1.4335 ***