GBP Trading Outlook (31-12-2015)

GBP/USD Intraday: the downside prevails

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: the RSI lacks upward momentum.

Supports and resistances:
1.4945 ***
1.4915 **
1.487 ***
1.4809 Last
1.478 ***
1.476 **
1.474 **

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