GBP Trading Outlook (06-07-2015)

GBPUSD

Pivot: 1.564

Likely scenario: Short positions below 1.564 with targets @ 1.554 & 1.5485 in extension.

Alternative scenario: Above 1.564 look for further upside with 1.568 & 1.574 as targets.

Comment: A break below 1.554 would trigger a drop towards 1.5485.

 

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