(04 August 2020)GBP/USD Further advance.

(04 August 2020)GBP/USD Further advance.

4 August 2020, 08:56
Jiming Huang
0
90

gb
Pivot
 (invalidation): 1.3040
Our preference
Long positions above 1.3040 with targets at 1.3105 & 1.3140 in extension.
Alternative scenario
Below 1.3040 look for further downside with 1.3005 & 1.2975 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)