GBP Trading Outlook (14-08-2015)

GBPUSD

Pivot: 1.564

Our preference: Short positions below 1.564 with targets @ 1.557 & 1.554 in extension.

Alternative scenario: Above 1.564 look for further upside with 1.5675 & 1.571 as targets.

Comment: As long as the resistance at 1.564 is not surpassed, the risk of the break below 1.557 remains high. 

 

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