(16 April 2020)GBP/USD Under pressure.

(16 April 2020)GBP/USD Under pressure.

16 April 2020, 08:50
Jiming Huang
0
80

  gb
Pivot
 (invalidation): 1.2520
Our preference
Short positions below 1.2520 with targets at 1.2435 & 1.2400 in extension.
Alternative scenario
Above 1.2520 look for further upside with 1.2550 & 1.2575 as targets.
Comment
The break below 1.2520 is a negative signal that has opened a path to 1.2435.

(By Swissquote TRADING CENTRAL)

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