GBP Trading Outlook (22-09-2015)

GBPUSD

Pivot: 1.557

Likely scenario: Short positions below 1.557 with targets @ 1.545 & 1.539 in extension.

Alternative scenario: Above 1.557 look for further upside with 1.566 & 1.572 as targets.

Comment: As long as the resistance at 1.557 is not surpassed, the risk of the break below 1.545 remains high.

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