GBP Trading Outlook (23-10-2015)

GBPUSD

Pivot: 1.5435

Likely scenario: Short positions below 1.5435 with targets @ 1.536 & 1.5325 in extension.

Alternative scenario: Above 1.5435 look for further upside with 1.5475 & 1.551 as targets.

Comment: As long as the resistance at 1.5435 is not surpassed, the risk of the break below 1.536 remains high.

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