GBP Trading Outlook (19-05-2016)
Trade GBP/USD Intraday: the bias remains bullish.
Pivot: 1.4520
Our preference: long positions above 1.4520 with targets @ 1.4640 & 1.4685 in extension.
Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4430 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
1.4710 ***
1.4685 ***
1.4640 ***
1.4602 Last
1.4520 ***
1.4465 ***
1.4430 ***