(03 JANUARY 2019)GBP/USD:Key resistance at 1.2615.

(03 JANUARY 2019)GBP/USD:Key resistance at 1.2615.

3 January 2019, 09:14
Jiming Huang
0
21

gbp

Pivot (invalidation): 1.2615

Our preference

Short positions below 1.2615 with targets at 1.2505 & 1.2465 in extension.

Alternative scenario

Above 1.2615 look for further upside with 1.2660 & 1.2700 as targets.

Comment

As Long as the resistance at 1.2615 is not surpassed, the risk of the break below 1.2505

remains high. 

(By Swissquote TRADING CENTRAL) 

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