(22 MAY 2019)GBP/USD:Key resistance at 1.2735.

(22 MAY 2019)GBP/USD:Key resistance at 1.2735.

22 May 2019, 09:06
Jiming Huang
0
36

gb

Pivot (invalidation): 1.2735

Our preference

Short positions below 1.2735 with targets at 1.2685 & 1.2665 in extension.

Alternative scenario

Above 1.2735 look for further upside with 1.2760 & 1.2785 as targets.

Comment

As Long as the resistance at 1.2735 is not surpassed, the risk of the break below 1.2685

remains high. 

(By Swissquote TRADING CENTRAL)

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