Contributors Technical Analysis GBP/USD The Downside Prevails

GBP/USD The Downside Prevails

Pivot (invalidation): 1.2075

Our preference Short positions below 1.2075 with targets at 1.2010 & 1.1975 in extension.

Alternative scenario Above 1.2075 look for further upside with 1.2100 & 1.2140 as targets.

Comment The RSI is bearish and calls for further downside.

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