GBP Trading Outlook (27-01-2016)

GBP/USD Intraday: the upside prevails

Pivot: 1.4265

Our preference: long positions above 1.4265 with targets @ 1.4395 & 1.4425 in extension.

Alternative scenario: below 1.4265 look for further downside with 1.4175 & 1.4125 as targets.

Comment: the RSI is well directed.

Supports and resistances:

1.4475 ***

1.4425 **

1.4395 ***

1.436 Last

1.4265 ***

1.4175 ***

1.4125 ***

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