GBP/USD

2015-09-08

Pivot: 1.526

Our preference: Short positions below 1.526 with targets @ 1.515 & 1.512 in extension.

Alternative scenario: Above 1.526 look for further upside with 1.531 & 1.535 as targets.

Comment: As long as 1.526 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
1.535 **
1.531 **
1.526 ***
1.519 Last
1.515 **
1.512 **
1.5085 **