GBP Trading Outlook (14-10-2015)

GBPUSD

Pivot: 1.52

Likely scenario: Long positions above 1.52 with targets @ 1.53 & 1.533 in extension.

Alternative scenario: Below 1.52 look for further downside with 1.517 & 1.5135 as targets.

Comment: The RSI is well directed.

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