GBP Trading Outlook (01-04-2016)
GBP/USD Intraday: the bias remains bullish
Pivot: 1.4325
Our preference: long positions above 1.4325 with targets @ 1.4425 & 1.4455 in extension.
Alternative scenario: below 1.4325 look for further downside with 1.4260 & 1.4225 as targets.
Comment: a support base at 1.4325 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.4515 ***
1.4455 ***
1.4425 ***
1.4365 Last
1.4325 ***
1.4260 ***
1.4225 ***