GBP Trading Outlook (07-10-2015)

GBPUSD

Pivot: 1.517

Likely scenario: Long positions above 1.517 with targets @ 1.529 & 1.533 in extension.

Alternative scenario: Below 1.517 look for further downside with 1.5135 & 1.5105 as targets.
Comment: The RSI is mixed to bullish.

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