(30 JANUARY 2019)GBP/USD:Under pressure.

(30 JANUARY 2019)GBP/USD:Under pressure.

30 January 2019, 08:51
Jiming Huang
0
61

gbp

Pivot (invalidation): 1.3120

Our preference

Short positions below 1.3120 with targets at 1.3055 & 1.3015 in extension.

Alternative scenario

Above 1.3120 look for further upside with 1.3170 & 1.3200 as targets.

Comment

As Long as the resistance at 1.3120 is not surpassed, the risk of the break below 1.3055

remains high. 

(By Swissquote TRADING CENTRAL)