GBP Trading Outlook (13-08-2015)

GBPUSD

Pivot: 1.559

Likely Scenario: Short positions below 1.559 with targets @ 1.551 & 1.548 in extension.

Alternative scenario: Above 1.559 look for further upside with 1.5615 & 1.5635 as targets.

Comment: The RSI is bearish and calls for further downside.

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