GBP Trading Outlook (17-12-2015)

GBP/USD Intraday: the downside prevails.
Pivot: 1.5105

Our preference: short positions below 1.5105 with targets @ 1.4955 & 1.4895 in extension.

Alternative scenario: above 1.5105 look for further upside with 1.518 & 1.5205 as targets.

Comment: a break below 1.4955 would trigger a drop towards 1.4895.

Supports and resistances:
1.5205 ***
1.518 ***
1.5105 ***
1.4993 Last
1.4955 ***
1.4895 ***
1.485 ***

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