Contributors Technical Analysis GBP/USD Under Pressure

GBP/USD Under Pressure

Pivot (invalidation): 1.2940

Our preference Short positions below 1.2940 with targets at 1.2890 & 1.2870 in extension.

Alternative scenario Above 1.2940 look for further upside with 1.2960 & 1.2980 as targets.

Comment The RSI lacks upward momentum.

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