GBP Trading Outlook (18-03-2016)

GBP/USD Intraday: the upside prevails.

Pivot: 1.4360

Our preference: long positions above 1.4360 with targets @ 1.4510 & 1.4575 in extension.

Alternative scenario: below 1.4360 look for further downside with 1.4290 & 1.4200 as targets.

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

Supports and resistances:
1.4665 ***
1.4575 ***
1.4510 ***
1.4488 Last
1.4360 ***
1.4290 ***
1.4200 **

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