(19 August 2020)GBP/USD Caution.

(19 August 2020)GBP/USD Caution.

19 August 2020, 09:06
Jiming Huang
0
94

gb
Pivot
 (invalidation): 1.3225
Our preference
Long positions above 1.3225 with targets at 1.3265 & 1.3290 in extension.
Alternative scenario
Below 1.3225 look for further downside with 1.3200 & 1.3180 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)


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