(31 AUGUST 2018)GBP/USD:The bias remains bullish.

(31 AUGUST 2018)GBP/USD:The bias remains bullish.

31 August 2018, 10:11
Jiming Huang
0
56

gbp

Pivot (invalidation): 1.2985

Our preference

Long positions above 1.2985 with targets at 1.3040 & 1.3065 in extension.

Alternative scenario

Below 1.2985 look for further downside with 1.2960 & 1.2930 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL) 

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