(19 November 2019)GBP/USD Bullish bias above 1.2940.

(19 November 2019)GBP/USD Bullish bias above 1.2940.

19 November 2019, 09:03
Jiming Huang
0
69

gb
Pivot
 (invalidation): 1.2940
Our preference
Long positions above 1.2940 with targets at 1.2970 & 1.2985 in extension.
Alternative scenario
Below 1.2940 look for further downside with 1.2920 & 1.2900 as targets.
Comment
A support base at 1.2940 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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