GBP Trading Outlook (24-02-2016)

GBP/USD Intraday: the downside prevails.

Pivot: 1.4080

Our preference: short positions below 1.4080 with targets @ 1.3920 & 1.3820 in extension.

Alternative scenario: above 1.4080 look for further upside with 1.4170 & 1.4250 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:
1.4250 ***
1.4170 **
1.4080 ***
1.4006 Last
1.3920 ***
1.3820 **
1.3750 **

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