Contributors Technical Analysis GBP/USD The Downside Prevails

GBP/USD The Downside Prevails

Pivot (invalidation): 1.3050

Our preference Short positions below 1.3050 with targets at 1.3000 & 1.2965 in extension.

Alternative scenario Above 1.3050 look for further upside with 1.3095 & 1.3140 as targets.

Comment A break below 1.3000 would trigger a drop towards 1.2965.

Previous articleUK PMI services dropped to 53.5, back into slow lane
Next articleEUR/USD 1.1570 Expected
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version