GBP Trading Outlook (28-04-2016)

Trade GBP/USD Intraday: caution.

Pivot: 1.4520

Our preference: long positions above 1.4520 with targets @ 1.4585 & 1.4640 in extension.

Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4410 as targets.

Comment: intraday technical indicators are mixed and call for caution.

Supports and resistances:
1.4670 **
1.4640 **
1.4585 **
1.4538 Last
1.4520 ***
1.4465 ***
1.4410 ***

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