GBP Trading Outlook (29-07-2015)
GBPUSD
Pivot: 1.557
Likely scenario: Long positions above 1.557 with targets @ 1.5625 & 1.567 in extension.
Alternative scenario: Below 1.557 look for further downside with 1.5535 & 1.5495 as targets.
Comment: The RSI lacks downward momentum.
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