(07 October 2020)GBP/USD Watch 1.2820.

(07 October 2020)GBP/USD Watch 1.2820.

7 October 2020, 09:03
Jiming Huang
0
93

gbg
Pivot
 (invalidation): 1.2920
Our preference
Short positions below 1.2920 with targets at 1.2845 & 1.2820 in extension.
Alternative scenario
Above 1.2920 look for further upside with 1.2960 & 1.2985 as targets.
Comment
As Long as the resistance at 1.2920 is not surpassed, the risk of the break below 1.2845
remains high

(By Swissquote TRADING CENTRAL)