GBP Trading Outlook (06-04-2016)
GBP/USD Intraday: under pressure.
Pivot: 1.4245
Our preference: short positions below 1.4245 with targets @ 1.4105 & 1.4055 in extension.
Alternative scenario: above 1.4245 look for further upside with 1.4325 & 1.4375 as targets.
Comment: a break below 1.4105 would trigger a drop towards 1.4055.
Supports and resistances:
1.4375 **
1.4325 ***
1.4245 ***
1.4158 Last
1.4105 ***
1.4055 ***
1.4005 **