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.

20-7-15 - gbp

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