(17 MAY 2019)GBP/USD:Capped by a negative trend line.

(17 MAY 2019)GBP/USD:Capped by a negative trend line.

17 May 2019, 10:24
Jiming Huang
0
15

gb

Pivot (invalidation): 1.2820

Our preference

Short positions below 1.2820 with targets at 1.2770 & 1.2745 in extension.

Alternative scenario

Above 1.2820 look for further upside with 1.2850 & 1.2880 as targets.

Comment

A break below 1.2770 would trigger a drop towards 1.2745.

(By Swissquote TRADING CENTRAL)


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