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

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

31 May 2019, 08:51
Jiming Huang
0
64

gb

Pivot (invalidation): 1.2620

Our preference

Short positions below 1.2620 with targets at 1.2600 & 1.2580 in extension.

Alternative scenario

Above 1.2620 look for further upside with 1.2640 & 1.2660 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.2620.

(By Swissquote TRADING CENTRAL)


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