(05 AUGUST 2019)GBP/USD:Caution.

Pivot (invalidation): 1.2130

Our preference

Long positions above 1.2130 with targets at 1.2180 & 1.2200 in extension.

Alternative scenario

Below 1.2130 look for further downside with 1.2105 & 1.2090 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

(By Swissquote TRADING CENTRAL)