GBP Trading Outlook (10-09-2015)

GBPUSD

Pivot: 1.532

Likely scenario: Long positions above 1.532 with targets @ 1.541 & 1.544 in extension.

Alternative scenario: Below 1.532 look for further downside with 1.529 & 1.5265 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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