GBP Trading Outlook (09-12-2015)

GBP/USD

Pivot: 1.5055

Likley scenario: short positions below 1.5055 with targets @ 1.4955 & 1.4905 in extension.

Alternative scenario: above 1.5055 look for further upside with 1.509 & 1.5115 as targets.

Comment: the RSI is badly directed.

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