GBP Trading Outlook (18-01-2016)

GBP/USD ST: the downside prevails

Pivot: 1.495

Our preference: short positions below 1.495 with targets @ 1.423 & 1.395 in extension.

Alternative scenario: above 1.495 look for further upside with 1.524 & 1.566 as targets.

Comment: a break below 1.423 would trigger a drop towards 1.395.

Supports and resistances:
1.566 ***
1.524 ***
1.495 ***
1.4271 Last
1.423 ***
1.395 ***
1.363 **

Back to GBP Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.