(03 August  2020)GBP/USD Under pressure.

(03 August 2020)GBP/USD Under pressure.

3 August 2020, 09:19
Jiming Huang
0
100

gb
Pivot
 (invalidation): 1.3120
Our preference
Short positions below 1.3120 with targets at 1.3055 & 1.3020 in extension.
Alternative scenario
Above 1.3120 look for further upside with 1.3170 & 1.3220 as targets.
Comment
A break below 1.3055 would trigger a drop towards 1.3020.

(By Swissquote TRADING CENTRAL)