GBP Trading Outlook (06-01-2016)

GBP/USD Intraday: the downside prevails

Pivot: 1.4725

Our preference: short positions below 1.4725 with targets @ 1.463 & 1.459 in extension.

Alternative scenario: above 1.4725 look for further upside with 1.4755 & 1.479 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
1.479 **
1.4755 ***
1.4725 ***
1.4663 Last
1.463 **
1.459 **
1.457 **

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