GBPUSD Daily 22/07/2020 Short

British Pound/U.S. DollarFXCM

Description

⋅ Jul 22, 2020 8:40 AM

Bearish cypher
Short positions below 1.2735 with targets at 1.2490 & 1.2380.
Alternative scenario
Above 1.2770 look for further extension with 1.2810 & 1.3005 as targets.
Comment
The RSI is in neutrality area at 57%.

Chart Patterns