GBP Trading Outlook (27-08-2015)

GBPUSD

Pivot: 1.568

Likely scenario: Short positions below 1.568 with targets @ 1.556 & 1.553 in extension.

Alternative scenario: Above 1.568 look for further upside with 1.5725 & 1.5755 as targets.

Comment: The RSI is badly directed.

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