GBP Trading Outlook (20-08-2015)

GBPUSD

Pivot: 1.572

Likely scenario: Short positions below 1.572 with targets @ 1.5615 & 1.5575 in extension.

Alternative scenario: Above 1.572 look for further upside with 1.577 & 1.5805 as targets.

Comment: As long as the resistance at 1.572 is not surpassed, the risk of the break below 1.5615 remains high.

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