(06 AUGUST 2018)GBP/USD:The downside prevails.

(06 AUGUST 2018)GBP/USD:The downside prevails.

6 August 2018, 09:46
Jiming Huang
0
49

gbp

Pivot (invalidation): 1.3025

Our preference

Short positions below 1.3025 with targets at 1.2970 & 1.2950 in extension.

Alternative scenario

Above 1.3025 look for further upside with 1.3045 & 1.3065 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL) 

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