Contributors Technical Analysis GBP/USD Turning Down

GBP/USD Turning Down

Pivot (invalidation): 1.2345

Our preference Short positions below 1.2345 with targets at 1.2300 & 1.2260 in extension.

Alternative scenario Above 1.2345 look for further upside with 1.2365 & 1.2385 as targets.

Comment The RSI shows downside momentum.

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