GBP/USD Intraday: under pressure. 01 March 2017

Pivot: 1.2405

Our preference: short positions below 1.2405 with targets at 1.2345 & 1.2310 in extension.

Alternative scenario: above 1.2405 look for further upside with 1.2445 & 1.2475 as targets.

Comment: technically the RSI is below its neutrality area at 50.