HomeContributorsTechnical AnalysisGBP/USD: The Downside Prevails

GBP/USD: The Downside Prevails

Pivot (invalidation): 1.2950

Our preference Short positions below 1.2950 with targets at 1.2875 & 1.2840 in extension.

Alternative scenario Above 1.2950 look for further upside with 1.2975 & 1.3005 as targets.

Comment The RSI shows downside momentum.


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