(07 February 2020)GBP/USD Key resistance at 1.2955.

(07 February 2020)GBP/USD Key resistance at 1.2955.

7 February 2020, 08:53
Jiming Huang
0
94

gb
Pivot
 (invalidation): 1.2955
Our preference
Short positions below 1.2955 with targets at 1.2920 & 1.2905 in extension.
Alternative scenario
Above 1.2955 look for further upside with 1.2980 & 1.3000 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.2955.

(By Swissquote TRADING CENTRAL)

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