(08 JULY 2020)GBP/USD Rebound expected.

(08 JULY 2020)GBP/USD Rebound expected.

8 July 2020, 09:11
Jiming Huang
0
101

gb
Pivot
 (invalidation): 1.2535
Our preference
Long positions above 1.2535 with targets at 1.2570 & 1.2590 in extension.
Alternative scenario
Below 1.2535 look for further downside with 1.2510 & 1.2490 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)