GBP Trading Outlook (25-08-2015)

GBPUSD

Pivot: 1.572

Likely scenario: Long positions above 1.572 with targets @ 1.5805 & 1.5835 in extension.

Alternative scenario: Below 1.572 look for further downside with 1.569 & 1.5655 as targets.

Comment: The RSI is well directed.

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