GBP Trading Outlook (07-08-2015)

GBPUSD

Pivot: 1.5565

Likely scenario: Short positions below 1.5565 with targets @ 1.547 & 1.545 in extension.

Alternative scenario: Above 1.5565 look for further upside with 1.559 & 1.5635 as targets.
Comment: Technically the RSI is below its neutrality area at 50.

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