GBP Trading Outlook (03-08-2015)

GBPUSD

Pivot: 1.559

Likely scenario: Long positions above 1.559 with targets @ 1.568 & 1.574 in extension.

Alternative scenario: Below 1.559 look for further downside with 1.5555 & 1.5535 as targets.

Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

 

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