(17 December 2019)GBP/USD Capped by a negative trend line.

(17 December 2019)GBP/USD Capped by a negative trend line.

17 December 2019, 09:01
Jiming Huang
0
112

g gb
Pivot
 (invalidation): 1.3320
Our preference
Short positions below 1.3320 with targets at 1.3240 & 1.3200 in extension.
Alternative scenario
Above 1.3320 look for further upside with 1.3350 & 1.3380 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3320.

(By Swissquote TRADING CENTRAL)