GBP Trading Outlook (15-03-2016)

GBP/USD Intraday: under pressure

Pivot: 1.4390

Our preference: short positions below 1.4390 with targets @ 1.4277 & 1.4250 in extension.

Alternative scenario: above 1.4390 look for further upside with 1.4440 & 1.4470 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:
1.4470 ***
1.4440 ***
1.4390 ***
1.4314 Last
1.4277 ***
1.4250 ***
1.4180 ***

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