GBP Trading Outlook (05-10-2015)

GBPUSD

Pivot: 1.5165

Likely scenario: Long positions above 1.5165 with targets @ 1.5245 & 1.529 in extension.

Alternative scenario: Below 1.5165 look for further downside with 1.514 & 1.5105 as targets.

Comment: The RSI is mixed with a bullish bias.

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