GBP Trading Outlook (09-07-2015)

GBPUSD

Pivot: 1.5415

Likely scenario: Short positions below 1.5415 with targets @ 1.5325 & 1.527 in extension.

Alternative scenario: Above 1.5415 look for further upside with 1.548 & 1.553 as targets.

Comment: As long as 1.5415 is resistance, look for choppy price action with a bearish bias.

 

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