GBP Trading Outlook (29-03-2016)
GBP/USD Intraday: further advance.
Pivot: 1.4190
Our preference: long positions above 1.4190 with targets @ 1.4285 & 1.4310 in extension.
Alternative scenario: below 1.4190 look for further downside with 1.4155 & 1.4100 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.4370 *
1.4310 **
1.4285 *
1.4241 Last
1.4190 **
1.4155 **
1.4100 ***