GBP Trading Outlook (04-04-2016)
GBP/USD Intraday: key resistance at 1.4275.
Pivot: 1.4275
Our preference: short positions below 1.4275 with targets @ 1.4170 & 1.4140 in extension.
Alternative scenario: above 1.4275 look for further upside with 1.4325 & 1.4375 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances:
1.4375 ***
1.4325 ***
1.4275 **
1.4236 Last
1.4170 ***
1.4140 ***
1.4105 *