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 ***

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