(13 AUGUST 2018)GBP/USD:Target 1.2720.

(13 AUGUST 2018)GBP/USD:Target 1.2720.

13 August 2018, 09:56
Jiming Huang
0
86

gbp

Pivot (invalidation): 1.2790

Our preference

Short positions below 1.2790 with targets at 1.2720 & 1.2680 in extension.

Alternative scenario

Above 1.2790 look for further upside with 1.2835 & 1.2880 as targets.

Comment

As Long as the resistance at 1.2790 is not surpassed, the risk of the break below 1.2720

remains high. 

(By Swissquote TRADING CENTRAL) 

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