GBP Trading Outlook (14-09-2015)

GBPUSD

Pivot: 1.5395

Likely scenario: Long positions above 1.5395 with targets @ 1.5475 & 1.551 in extension.

Alternative scenario: Below 1.5395 look for further downside with 1.5335 & 1.529 as targets.

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

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