(09 MAY 2019)GBP/USD:Under pressure.

(09 MAY 2019)GBP/USD:Under pressure.

9 May 2019, 09:41
Jiming Huang
0
49

gb

Pivot (invalidation): 1.3030

Our preference

Short positions below 1.3030 with targets at 1.2985 & 1.2970 in extension.

Alternative scenario

Above 1.3030 look for further upside with 1.3060 & 1.3080 as targets.

Comment

As Long as the resistance at 1.3030 is not surpassed, the risk of the break below 1.2985

remains high. 

(By Swissquote TRADING CENTRAL)