GBP Trading Outlook (10-08-2015)

GBPUSD

Pivot: 1.5545

Likely scenario: Short positions below 1.5545 with targets @ 1.542 & 1.5365 in extension.

Alternative scenario: Above 1.5545 look for further upside with 1.559 & 1.5635 as targets.

Comment: The RSI lacks upward momentum.

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