GBP Trading Outlook (01-03-2016)

GBP/USD Intraday: rebound.

Pivot: 1.3842

Our preference: long positions above 1.3842 with targets @ 1.3950 & 1.3990 in extension.

Alternative scenario: below 1.3842 look for further downside with 1.3765 & 1.3700 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.4044 ***
1.3990 **
1.3950 ***
1.3924 Last
1.3842 ***
1.3765 **
1.3700 **

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