GBP Trading Outlook (07-04-2016)

GBP/USD Intraday: choppy.

Pivot: 1.4170

Our preference: short positions below 1.4170 with targets @ 1.4080 & 1.4005 in extension.

Alternative scenario: above 1.4170 look for further upside with 1.4245 & 1.4325 as targets.

Comment: as long as 1.4170 is resistance, expect a return to 1.4080.

Supports and resistances:
1.4325 ***
1.4245 ***
1.4170 ***
1.4127 Last
1.4080 ***
1.4005 **
1.3945 ***

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