(16 MAY 2019)GBP/USD:1.2780 expected.

(16 MAY 2019)GBP/USD:1.2780 expected.

16 May 2019, 09:26
Jiming Huang
0
79

gb

Pivot (invalidation): 1.2880

Our preference

Short positions below 1.2880 with targets at 1.2825 & 1.2780 in extension.

Alternative scenario

Above 1.2880 look for further upside with 1.2925 & 1.2960 as targets.

Comment

A break below 1.2825 would trigger a drop towards 1.2780.

(By Swissquote TRADING CENTRAL)

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