(31 OCTOBER 2018)GBP/USD:1.2610 expected.

(31 OCTOBER 2018)GBP/USD:1.2610 expected.

31 October 2018, 09:08
Jiming Huang
0
59

gbp

Pivot (invalidation): 1.2755

Our preference

Short positions below 1.2755 with targets at 1.2660 & 1.2610 in extension.

Alternative scenario

Above 1.2755 look for further upside with 1.2810 & 1.2850 as targets.

Comment

As Long as the resistance at 1.2755 is not surpassed, the risk of the break below 1.2660

remains high. 

(By Swissquote TRADING CENTRAL)