(04 March 2020)GBP/USD Key resistance at 1.2830.

(04 March 2020)GBP/USD Key resistance at 1.2830.

4 March 2020, 08:51
Jiming Huang
0
95

gb
Pivot
 (invalidation): 1.2830
Our preference
Short positions below 1.2830 with targets at 1.2795 & 1.2760 in extension.
Alternative scenario
Above 1.2830 look for further upside with 1.2850 & 1.2870 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.2830

(By Swissquote TRADING CENTRAL)