GBP/USD

2015-09-10

Pivot: 1.532

Our preference: Long positions above 1.532 with targets @ 1.541 & 1.544 in extension.

Alternative scenario: Below 1.532 look for further downside with 1.529 & 1.5265 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
1.5475 **
1.544 **
1.541 ***
1.5355 Last
1.532 **
1.529 ***
1.5265 *