I have the same problem on Xbox One, except my camera looks up by its self. If im in any view it does it, first or third person. Heres hoping for a fix. I remember having this same problem when Defiance launched on the 360. Dont worry, if this is our only problem we're doing good. Lots of people cant even play. All mmo's have problems at the start, we just have to be patient.
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Click the menu button then go all the way right to settings - one of them is like an auto straighten or center view thing - that is what is doing it. Turn it off.
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Tried it already.