GBP Trading Outlook (30-12-2015)

GBP/USD Intraday: under pressure

Pivot: 1.487

Our preference: short positions below 1.487 with targets @ 1.478 & 1.476 in extension.

Alternative scenario: above 1.487 look for further upside with 1.4915 & 1.4945 as targets.

Comment: as long as 1.487 is resistance, likely decline to 1.478.

Supports and resistances:
1.4945 ***
1.4915 **
1.487 **
1.4817 Last
1.478 **
1.476 **
1.471 **

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