GBP Trading Outlook (15-09-2015)

GBPUSD

Pivot: 1.5475

Likely scenario: Short positions below 1.5475 with targets @ 1.537 & 1.5335 in extension.

Alternative scenario: Above 1.5475 look for further upside with 1.551 & 1.554 as targets.

Comment: As long as 1.5475 is resistance, likely decline to 1.537.

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