GBP Trading Outlook (08-03-2016)

GBP/USD Intraday: the upside prevails.

Pivot: 1.4131

Our preference: long positions above 1.4131 with targets @ 1.4305 & 1.4405 in extension.

Alternative scenario: below 1.4131 look for further downside with 1.4020 & 1.3980 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
1.4515 **
1.4405 ***
1.4305 ***
1.4256 Last
1.4131 **
1.4020 ***
1.3980 ***

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