GBP Trading Outlook (28-07-2015)

GBPUSD

Pivot: 1.5535

Likely scenario: Long positions above 1.5535 with targets @ 1.5595 & 1.5625 in extension.

Alternative scenario: Below 1.5535 look for further downside with 1.5495 & 1.5465 as targets.

Comment: The RSI is mixed to bullish.

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