GBP Trading Outlook (13-01-2016)

GBP/USD Intraday: the downside prevails.

Pivot: 1.4475

Our preference: short positions below 1.4475 with targets @ 1.44 & 1.435 in extension.

Alternative scenario: above 1.4475 look for further upside with 1.4515 & 1.456 as targets.

Comment: as long as 1.4475 is resistance, expect a return to 1.44.

Supports and resistances:
1.456 ***
1.4515 ***
1.4475 ***
1.4439 Last
1.44 *
1.435 *
1.43 *

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