(22 MAY 2020)GBP/USD Key resistance at 1.2250.

(22 MAY 2020)GBP/USD Key resistance at 1.2250.

22 May 2020, 13:35
Jiming Huang
0
43

gb
Pivot
 (invalidation): 1.2250
Our preference
Short positions below 1.2250 with targets at 1.2185 & 1.2150 in extension.
Alternative scenario
Above 1.2250 look for further upside with 1.2290 & 1.2325 as targets.
Comment
As Long as the resistance at 1.2250 is not surpassed, the risk of the break below 1.2185
remains high.

(By Swissquote TRADING CENTRAL)

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