GBP Trading Outlook (19-02-2016)

GBP/USD Intraday: under pressure.

Pivot: 1.4340

Our preference: short positions below 1.4340 with targets @ 1.4240 & 1.4205 in extension.

Alternative scenario: above 1.4340 look for further upside with 1.4400 & 1.4465 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
1.4465 ***
1.4400 **
1.4340 ***
1.4286 Last
1.4240 **
1.4205 **
1.4145 ***

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