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 ***