(12 AUGUST 2019)GBP/USD:Key resistance at 1.2050.

(12 AUGUST 2019)GBP/USD:Key resistance at 1.2050.

12 August 2019, 09:21
Jiming Huang
0
47

gb

Pivot
 (invalidation): 1.2050
Our preference
Short positions below 1.2050 with targets at 1.2015 & 1.1990 in extension.
Alternative scenario
Above 1.2050 look for further upside with 1.2080 & 1.2110 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.2050

(By Swissquote TRADING CENTRAL)

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