(10 December 2019)GBP/USD Caution.

(10 December 2019)GBP/USD Caution.

10 December 2019, 09:16
Jiming Huang
0
97

gb
Pivot
 (invalidation): 1.3160
Our preference
Short positions below 1.3160 with targets at 1.3130 & 1.3100 in extension.
Alternative scenario
Above 1.3160 look for further upside with 1.3180 & 1.3200 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3160.

(By Swissquote TRADING CENTRAL)