(13 DECEMBER 2018)GBP/USD:The bias remains bullish.

(13 DECEMBER 2018)GBP/USD:The bias remains bullish.

13 December 2018, 13:19
Jiming Huang
0
52

gbp

Pivot (invalidation): 1.2585

Our preference

Long positions above 1.2585 with targets at 1.2675 & 1.2720 in extension.

Alternative scenario

Below 1.2585 look for further downside with 1.2550 & 1.2520 as targets.

Comment

A support base at 1.2585 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL) 

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