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

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

10 August 2018, 09:28
Jiming Huang
0
102

gbp

Pivot (invalidation): 1.2860

Our preference

Short positions below 1.2860 with targets at 1.2800 & 1.2770 in extension.

Alternative scenario

Above 1.2860 look for further upside with 1.2900 & 1.2930 as targets.

Comment

The break below 1.2860 is a negative signal that has opened a path to 1.2800.

(By Swissquote TRADING CENTRAL) 


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