Contributors Technical Analysis GBP/USD Capped By A Negative Trend Line

GBP/USD Capped By A Negative Trend Line

Pivot (invalidation): 1.3320

Our preference Short positions below 1.3320 with targets at 1.3240 & 1.3200 in extension.

Alternative scenario Above 1.3320 look for further upside with 1.3350 & 1.3380 as targets.

Comment The upward potential is likely to be limited by the resistance at 1.3320.

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