(29 MAY 2020)GBP/USD The upside prevails.

(29 MAY 2020)GBP/USD The upside prevails.

29 May 2020, 08:57
Jiming Huang
0
84

gb
Pivot
 (invalidation): 1.2305
Our preference
Long positions above 1.2305 with targets at 1.2345 & 1.2365 in extension.
Alternative scenario
Below 1.2305 look for further downside with 1.2285 & 1.2250 as targets.
Comment
Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)

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