GBP Trading Outlook (08-01-2016)

GBP/USD Intraday: continuation of the rebound.

Pivot: 1.455

Our preference: long positions above 1.455 with targets @ 1.4645 & 1.468 in extension.

Alternative scenario: below 1.455 look for further downside with 1.45 & 1.4475 as targets.

Comment: the RSI calls for a rebound.

Supports and resistances:
1.4725 ***
1.468 **
1.4645 ***
1.4627 Last
1.455 **
1.45 **
1.4475 **
                                               

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