(20 MAY 2019)GBP/USD:Key resistance at 1.2760.

(20 MAY 2019)GBP/USD:Key resistance at 1.2760.

20 May 2019, 09:23
Jiming Huang
0
47

gb

Pivot (invalidation): 1.2760

Our preference

Short positions below 1.2760 with targets at 1.2710 & 1.2690 in extension.

Alternative scenario

Above 1.2760 look for further upside with 1.2780 & 1.2805 as targets.

Comment

As Long as the resistance at 1.2760 is not surpassed, the risk of the break below 1.2710

remains high. 

(By Swissquote TRADING CENTRAL)