GBP Trading Outlook (23-07-2015)

 

GBPUSD

Pivot: 1.558

Likely scenario: Long positions above 1.558 with targets @ 1.564 & 1.5675 in extension.

Alternative scenario: Below 1.558 look for further downside with 1.555 & 1.5525 as targets.

Comment: The RSI is well directed.

gbp2

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