GBP Trading Outlook (08-09-2015)

GBPUSD

Pivot: 1.5265

Likely scenario: Long positions above 1.5265 with targets @ 1.5385 & 1.541 in extension.

Alternative scenario: Below 1.5265 look for further downside with 1.524 & 1.52 as targets.

Comment: The RSI is well directed.

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