GBP Trading Outlook (11-12-2015)

 

GBP/USD

Pivot: 1.511

Likely scenario: long positions above 1.511 with targets @ 1.52 & 1.5245 in extension.

Alternative scenario: below 1.511 look for further downside with 1.5075 & 1.5035 as targets.

Comment: the RSI lacks downward momentum.

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