(18 OCTOBER 2018)GBP/USD:The downside prevails.

(18 OCTOBER 2018)GBP/USD:The downside prevails.

18 October 2018, 09:37
Jiming Huang
0
258

gbp

Pivot (invalidation): 1.3130

Our preference

Short positions below 1.3130 with targets at 1.3075 & 1.3050 in extension.

Alternative scenario

Above 1.3130 look for further upside with 1.3165 & 1.3190 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL) 


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