GBP Trading Outlook (28-01-2016)

GBP/USD Intraday: the downside prevails.

Pivot: 1.4285

Our preference: short positions below 1.4285 with targets @ 1.4175 & 1.4125 in extension.

Alternative scenario: above 1.4285 look for further upside with 1.432 & 1.436 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
1.436 **
1.432 ***
1.4285 **
1.4243 Last
1.4175 ***
1.4125 ***
1.408 ***

 

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