(14 DECEMBER 2018)GBP/USD:Bullish bias above 1.2610.

(14 DECEMBER 2018)GBP/USD:Bullish bias above 1.2610.

14 December 2018, 08:58
Jiming Huang
0
70

gbp

Pivot (invalidation): 1.2610

Our preference

Long positions above 1.2610 with targets at 1.2685 & 1.2720 in extension.

Alternative scenario

Below 1.2610 look for further downside with 1.2565 & 1.2520 as targets.

Comment

A support base at 1.2610 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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