(07 MAY 2020)GBP/USD The downside prevails.

(07 MAY 2020)GBP/USD The downside prevails.

7 May 2020, 08:52
Jiming Huang
0
77

gb
Pivot
 (invalidation): 1.2365
Our preference
Short positions below 1.2365 with targets at 1.2290 & 1.2245 in extension.
Alternative scenario
Above 1.2365 look for further upside with 1.2395 & 1.2425 as targets.
Comment
The break below 1.2365 is a negative signal that has opened a path to 1.2290.

(By Swissquote TRADING CENTRAL)

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