(01 JULY 2019)GBP/USD:Key resistance at 1.2725.

(01 JULY 2019)GBP/USD:Key resistance at 1.2725.

1 July 2019, 09:11
Jiming Huang
0
68

gbp

Pivot (invalidation): 1.2725

Our preference

Short positions below 1.2725 with targets at 1.2680 & 1.2660 in extension.

Alternative scenario

Above 1.2725 look for further upside with 1.2745 & 1.2765 as targets.

Comment

A break below 1.2680 would trigger a drop towards 1.2660.

(By Swissquote TRADING CENTRAL)