(20 JULY 2018)GBP/USD:Bullish bias above 1.2980

(20 JULY 2018)GBP/USD:Bullish bias above 1.2980

20 July 2018, 09:52
Jiming Huang
0
51

bgp

Pivot (invalidation): 1.2980

Our preference

Long positions above 1.2980 with targets at 1.3050 & 1.3080 in extension.

Alternative scenario

Below 1.2980 look for further downside with 1.2955 & 1.2915 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL) 

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