GBP Trading Outlook (08-12-2015)

GBP/USD

Pivot: 1.5115

Likley scenario: short positions below 1.5115 with targets @ 1.505 & 1.5 in extension.

Alternative scenario: above 1.5115 look for further upside with 1.5155 & 1.519 as targets.

Comment: the RSI is badly directed.

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