GBP/USD

2015-09-14

Pivot: 1.5395

Our preference: Long positions above 1.5395 with targets @ 1.5475 & 1.551 in extension.

Alternative scenario: Below 1.5395 look for further downside with 1.5335 & 1.529 as targets.

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

Supports and resistances:
1.554 **
1.551 ***
1.5475 **
1.5438 Last
1.5395 ***
1.5335 ***
1.529 **