UncategorizedWeekly Analysis

GBP/USD Intraday: under pressure.( 7.11.2019)

Pivot: 1.2875

Our preference: short positions below 1.2875 with targets at 1.2840 & 1.2820 in extension.

Alternative scenario: above 1.2875 look for further upside with 1.2895 & 1.2910 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:
1.2910
1.2895
1.2875
1.2853 Last
1.2840
1.2820
1.2800

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