(18 JUNE 2019)GBP/USD:The downside prevails.

(18 JUNE 2019)GBP/USD:The downside prevails.

18 June 2019, 09:23
Jiming Huang
0
48

gb

Pivot (invalidation): 1.2565

Our preference

Short positions below 1.2565 with targets at 1.2500 & 1.2470 in extension.

Alternative scenario

Above 1.2565 look for further upside with 1.2600 & 1.2620 as targets.

Comment

The immediate trend remains down and the momentum is strong.

(By Swissquote TRADING CENTRAL)


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