GBP Trading Outlook (08-07-2015)

GBPUSD

Pivot: 1.553

Likely scenario: Short positions below 1.553 with targets @ 1.5405 & 1.5365 in extension.

Alternative scenario: Above 1.553 look for further upside with 1.5605 & 1.5645 as targets.

Comment: A break below 1.5405 would trigger a drop towards 1.5365.

 

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