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 ***