GBP Trading Outlook (04-08-2015)

GBPUSD

Pivot: 1.5645

Likely scenario: Short positions below 1.5645 with targets @ 1.5555 & 1.5535 in extension.

Alternative scenario: Above 1.5645 look for further upside with 1.568 & 1.572 as targets.

Comment: A break below 1.5555 would trigger a drop towards 1.5535.

 

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