GBP Trading Outlook (12-02-2016)

GBP/USD Intraday: the downside prevails.

Pivot: 1.4515

Our preference: short positions below 1.4515 with targets @ 1.4375 & 1.4320 in extension.

Alternative scenario: above 1.4515 look for further upside with 1.4570 & 1.4615 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.4615 **
1.4570 ***
1.4515 ***
1.4460 Last
1.4375 ***
1.4320 ***
1.4280 **
 

Ticker : GBP
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