GBP Trading Outlook (10-12-2015)

 

GBP/USD

Pivot: 1.499

Likely scenario: long positions above 1.499 with targets @ 1.509 & 1.5115 in extension.

Alternative scenario: below 1.499 look for further downside with 1.4955 & 1.4905 as targets.

Comment: the RSI is well directed.

 

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