(29 AUGUST 2018)GBP/USD:Under pressure.

(29 AUGUST 2018)GBP/USD:Under pressure.

29 August 2018, 09:15
Jiming Huang
0
100

gbp

Pivot (invalidation): 1.2885

Our preference

Short positions below 1.2885 with targets at 1.2850 & 1.2830 in extension.

Alternative scenario

Above 1.2885 look for further upside with 1.2910 & 1.2935 as targets.

Comment

As Long as 1.2885 is resistance, expect a return to 1.2850.

(By Swissquote TRADING CENTRAL) 

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