GBP Trading Outlook (22-07-2015)

 

GBPUSD

Pivot: 1.5585

Likely scenario: Short positions below 1.5585 with targets @ 1.5535 & 1.5495 in extension.

Alternative scenario: Above 1.5585 look for further upside with 1.5605 & 1.563 as targets.

Comment: As long as 1.5585 is resistance, look for choppy price action with a bearish bias.

gbp2

 

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