GBP Trading Outlook (03-09-2015)

GBPUSD

Pivot: 1.534

Likely scenario: Short positions below 1.534 with targets @ 1.526 & 1.521 in extension.

Alternative scenario: Above 1.534 look for further upside with 1.538 & 1.5445 as targets.

Comment: The RSI is mixed to bearish.

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