GBP Trading Outlook (19-01-2016)

GBP/USD Intraday: the downside prevails.

Pivot: 1.432

Our preference: short positions below 1.432 with targets @ 1.4225 & 1.4185 in extension.

Alternative scenario: above 1.432 look for further upside with 1.436 & 1.44 as targets.

Comment: a break below 1.4225 would trigger a drop towards 1.4185.

Supports and resistances:
1.44 ***
1.436 ***
1.432 ***
1.4252 Last
1.4225 ***
1.4185 *
1.415 *

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