GBP Trading Outlook (22-03-2016)

GBP/USD Intraday: consolidation.

Pivot: 1.4465

Our preference: short positions below 1.4465 with targets @ 1.4330 & 1.4290 in extension.

Alternative scenario: above 1.4465 look for further upside with 1.4520 & 1.4610 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:
1.4610 ***
1.4520 ***
1.4465 ***
1.4370 Last
1.4330 ***
1.4290 ***
1.4215 ***

Ticker : GBP
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