GBP Trading Outlook (11-01-2016)

GBP/USD Intraday: the downside prevails

Pivot: 1.4565

Our preference: short positions below 1.4565 with targets @ 1.445 & 1.44 in extension.

Alternative scenario: above 1.4565 look for further upside with 1.46 & 1.4645 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
1.4645 ***
1.46 ***
1.4565 ***
1.4503 Last
1.445 **
1.44 **
1.437 *

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