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 ***

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