GBP Trading Outlook (08-04-2016)
Trade GBP/USD Intraday: the downside prevails.
Pivot: 1.4115
Our preference: short positions below 1.4115 with targets @ 1.4005 & 1.3945 in extension.
Alternative scenario: above 1.4115 look for further upside with 1.4170 & 1.4245 as targets.
Comment: the RSI lacks upward momentum.
Supports and resistances:
1.4245 ***
1.4170 ***
1.4115 ***
1.4055 Last
1.4005 ***
1.3945 **
1.3900 ***