HomeContributorsTechnical AnalysisGBP/USD: The Downside Prevails

GBP/USD: The Downside Prevails

Pivot (invalidation): 1.3000

Our preference Short positions below 1.3000 with targets at 1.2915 & 1.2890 in extension.

Alternative scenario Above 1.3000 look for further upside with 1.3025 & 1.3050 as targets.

Comment The RSI lacks upward momentum.

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