GBP Trading Outlook (12-08-2015)

GBPUSD

Pivot: 1.555

Likely Scenario: Long positions above 1.555 with targets @ 1.5635 & 1.567 in extension.

Alternative scenario: Below 1.555 look for further downside with 1.551 & 1.5455 as targets.

Comment: The RSI is mixed to bullish.

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