GBP Trading Outlook (19-08-2015)

GBPUSD

Pivot: 1.564

Likely scenario: Long positions above 1.564 with targets @ 1.572 & 1.577 in extension.

Alternative scenario: Below 1.564 look for further downside with 1.5615 & 1.5575 as targets.

Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

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