GBP Trading Outlook (19-10-2015)

GBPUSD

Pivot: 1.541

Likely scenario: Long positions above 1.541 with targets @ 1.5465 & 1.551 in extension.

Alternative scenario: Below 1.541 look for further downside with 1.537 & 1.5325 as targets.

Comment: A support base at 1.541 has formed and has allowed for a temporary stabilisation.

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