GBP Trading Outlook (29-12-2015)

GBP/USD Intraday: the downside prevails

Pivot: 1.493

Our preference: short positions below 1.493 with targets @ 1.4855 & 1.483 in extension.

Alternative scenario: above 1.493 look for further upside with 1.4985 & 1.502 as targets.

Comment: a break below 1.4855 would trigger a drop towards 1.483.

Supports and resistances:
1.502 **
1.4985 ***
1.493 **
1.488 Last
1.4855 ***
1.483 **
1.4805 **

                                             

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