GBP Trading Outlook (01-09-2015)

GBPUSD

Pivot: 1.5445

Likely scenario: Short positions below 1.5445 with targets @ 1.5335 & 1.5265 in extension.

Alternative scenario: Above 1.5445 look for further upside with 1.55 & 1.557 as targets.

Comment: As long as the resistance at 1.5445 is not surpassed, the risk of the break below 1.5335 remains high.

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