GBP Trading Outlook (22-12-2015)

GBP/USD

Pivot: 1.495

Our preference: short positions below 1.495 with targets @ 1.4865 & 1.48 in extension.

Alternative scenario: above 1.495 look for further upside with 1.499 & 1.504 as targets.

Comment: a break below 1.4865 would trigger a drop towards 1.48.

Supports and resistances:
1.504 *
1.499 *
1.495 ***
1.4885 Last
1.4865 **
1.48 **
1.476 **

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