(05 NOVEMBER 2018)GBP/USD:Bullish bias above 1.2950.

(05 NOVEMBER 2018)GBP/USD:Bullish bias above 1.2950.

5 November 2018, 09:13
Jiming Huang
0
62

gbp

Pivot (invalidation): 1.2950

Our preference

Long positions above 1.2950 with targets at 1.3050 & 1.3090 in extension.

Alternative scenario

Below 1.2950 look for further downside with 1.2905 & 1.2855 as targets.

Comment

A support base at 1.2950 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 


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