GBP Trading Outlook (30-07-2015)

GBPUSD

Pivot: 1.557

Likely scenario: Long positions above 1.557 with targets @ 1.5635 & 1.569 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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