GBP Trading Outlook (10-07-2015)

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: The upward potential is likely to be limited by the resistance at 1.5415.

 

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