GBP Trading Outlook (13-10-2015)

GBPUSD

Pivot: 1.538

Likely scenario: Short positions below 1.538 with targets @ 1.529 & 1.525 in extension.

Alternative scenario: Above 1.538 look for further upside with 1.543 & 1.547 as targets.

Comment: As long as the resistance at 1.538 is not surpassed, the risk of the break below 1.529 remains high.

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