(29 JULY 2020)GBP/USD Key resistance at 1.2950.

(29 JULY 2020)GBP/USD Key resistance at 1.2950.

29 July 2020, 09:24
Jiming Huang
0
106

gb
Pivot
 (invalidation): 1.2950
Our preference
Short positions below 1.2950 with targets at 1.2900 & 1.2860 in extension.
Alternative scenario
Above 1.2950 look for further upside with 1.2985 & 1.3015 as targets.
Comment
As Long as the resistance at 1.2950 is not surpassed, the risk of the break below 1.2900
remains high.

(By Swissquote TRADING CENTRAL)