GBP Trading Outlook (06-08-2015)

GBPUSD

Pivot: 1.556

Likely scenario: Long positions above 1.556 with targets @ 1.565 & 1.568 in extension.

Alternative scenario: Below 1.556 look for further downside with 1.5525 & 1.55 as targets.

Comment: The RSI is well directed.

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