(03 MAY 2019)GBP/USD:Key resistance at 1.3050.

(03 MAY 2019)GBP/USD:Key resistance at 1.3050.

3 May 2019, 09:09
Jiming Huang
0
71

gb

Pivot (invalidation): 1.3050

Our preference

Short positions below 1.3050 with targets at 1.3015 & 1.3000 in extension.

Alternative scenario

Above 1.3050 look for further upside with 1.3080 & 1.3100 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.3050.

(By Swissquote TRADING CENTRAL)

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