GBP Trading Outlook (17-03-2016)

GBP/USD Intraday: bounce.

Pivot: 1.4145

Our preference: long positions above 1.4145 with targets @ 1.4280 & 1.4340 in extension.

Alternative scenario: below 1.4145 look for further downside with 1.4085 & 1.4050 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
1.4390 ***
1.4340 ***
1.4280 **
1.4258 Last
1.4145 ***
1.4085 **
1.4050 ***

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