GBP Trading Outlook (14-03-2016)

GBP/USD ST: key resistance at 1.4660.

Pivot: 1.4660

Our preference: short positions below 1.4660 with targets @ 1.3835 & 1.3630 in extension.

Alternative scenario: above 1.4660 look for further upside with 1.4950 & 1.5240 as targets.

Comment: as long as the resistance at 1.4660 is not surpassed, the risk of the break below 1.3835 remains high.

Supports and resistances:
1.5240 **
1.4950 ***
1.4660 ***
1.4375 Last
1.3835 **
1.3630 **
1.3180 **

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