(22 JULY 2019)GBP/USD:Key resistance at 1.2520.

(22 JULY 2019)GBP/USD:Key resistance at 1.2520.

22 July 2019, 09:00
Jiming Huang
0
61

gb

Pivot (invalidation): 1.2520

Our preference

Short positions below 1.2520 with targets at 1.2485 & 1.2460 in extension.

Alternative scenario

Above 1.2520 look for further upside with 1.2540 & 1.2555 as targets.

Comment

The index currently faces a challenging resistance area at 1.2520

(By Swissquote TRADING CENTRAL)