GBP Trading Outlook (28-03-2016)
GBP/USD Intraday: rebound.
Pivot: 1.4050
Our preference: long positions above 1.4050 with targets @ 1.4200 & 1.4240 in extension.
Alternative scenario: below 1.4050 look for further downside with 1.3985 & 1.3910 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
1.4310 *
1.4240 **
1.4200 *
1.4181 Last
1.4050 **
1.3985 **
1.3910 ***