GBP Trading Outlook (16-07-2015)
GBPUSD
Pivot: 1.555
Likely scenario: Long positions above 1.555 with targets @ 1.5675 & 1.573 in extension.
Alternative scenario: Below 1.555 look for further downside with 1.5495 & 1.545 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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