(07 August 2020)GBP/USD The downside prevails.

(07 August 2020)GBP/USD The downside prevails.

7 August 2020, 10:29
Jiming Huang
0
80

gb
Pivot
 (invalidation): 1.3145
Our preference
Short positions below 1.3145 with targets at 1.3085 & 1.3055 in extension.
Alternative scenario
Above 1.3145 look for further upside with 1.3180 & 1.3200 as targets.
Comment
The immediate trend remains down and the momentum is strong

(By Swissquote TRADING CENTRAL)


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