(04 JANUARY 2019)GBP/USD:Target 1.2720.

(04 JANUARY 2019)GBP/USD:Target 1.2720.

4 January 2019, 09:07
Jiming Huang
0
64

gbp

Pivot (invalidation): 1.2580

Our preference

Long positions above 1.2580 with targets at 1.2675 & 1.2720 in extension.

Alternative scenario

Below 1.2580 look for further downside with 1.2540 & 1.2505 as targets.

Comment

The RSI is bullish and calls for further advance.

(By Swissquote TRADING CENTRAL) 

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