(03 SEPTEMBER 2018)GBP/USD:The downside prevails.

Pivot (invalidation): 1.2970

Our preference

Short positions below 1.2970 with targets at 1.2900 & 1.2860 in extension.

Alternative scenario

Above 1.2970 look for further upside with 1.3000 & 1.3030 as targets.

Comment

The RSI is bearish and calls for further decline.

By Swissquote TRADING CENTRAL)