Contributors Technical Analysis GBP/USD: Watch 1.2525

GBP/USD: Watch 1.2525

Pivot (invalidation): 1.2580

Our preference Short positions below 1.2580 with targets at 1.2545 & 1.2525 in extension.

Alternative scenario Above 1.2580 look for further upside with 1.2600 & 1.2625 as targets.

Comment A break below 1.2545 would trigger a drop towards 1.2525.

Previous articleEUR/USD: Turning Down
Next articleUSD/JPY: The Upside Prevails
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