(18 JUNE 2020)GBP/USD Key resistance at 1.2565.

(18 JUNE 2020)GBP/USD Key resistance at 1.2565.

18 June 2020, 09:16
Jiming Huang
0
97

gn
Pivot
 (invalidation): 1.2565
Our preference
Short positions below 1.2565 with targets at 1.2510 & 1.2485 in extension.
Alternative scenario
Above 1.2565 look for further upside with 1.2590 & 1.2620 as targets.
Comment
As Long as the resistance at 1.2565 is not surpassed, the risk of the break below 1.2510
remains high.

(By Swissquote TRADING CENTRAL)