GBP/USD Analysis (2015.11.02)

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Source: FxPro Forex Broker (Review and Forex Rebates up to 85%)

Pivot: 1.5375

Most Likely Scenario: Long positions above 1.5375 with targets @ 1.547 & 1.551 in extension.

Alternative scenario: Below 1.5375 look for further downside with 1.5345 & 1.5305 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

gbp/usd chart

gbp


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