(08 MARCH 2019)GBP/USD:Key resistance at 1.3125.

(08 MARCH 2019)GBP/USD:Key resistance at 1.3125.

8 March 2019, 09:17
Jiming Huang
0
53

gb

Pivot (invalidation): 1.3125

Our preference

Short positions below 1.3125 with targets at 1.3065 & 1.3050 in extension.

Alternative scenario

Above 1.3125 look for further upside with 1.3155 & 1.3185 as targets.

Comment

As Long as the resistance at 1.3125 is not surpassed, the risk of the break below 1.3065

remains high. 

(By Swissquote TRADING CENTRAL)