GBP Trading Outlook (20-07-2015)
GBPUSD
Pivot: 1.564
Likely scenario: Short positions below 1.564 with targets @ 1.5555 & 1.5495 in extension.
Alternative scenario: Above 1.564 look for further upside with 1.5675 & 1.573 as targets.
Comment: The RSI is bearish and calls for further downside.
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