GBP Trading Outlook (29-04-2016)

Trade GBP/USD Intraday: further upside.

Pivot: 1.4520

Our preference: long positions above 1.4520 with targets @ 1.4640 & 1.4670 in extension.

Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4410 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:
1.4700 **
1.4670 **
1.4640 ***
1.4607 Last
1.4520 ***
1.4465 ***
1.4410 ***

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