GBP Trading Outlook (17-08-2015)

GBPUSD

Pivot: 1.5595

Likely scenario: Long positions above 1.5595 with targets @ 1.5675 & 1.571 in extension.

Alternative scenario: Below 1.5595 look for further downside with 1.557 & 1.554 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

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