(12 SEPTEMBER 2018)GBP/USD:The bias remains bullish.

(12 SEPTEMBER 2018)GBP/USD:The bias remains bullish.

12 September 2018, 10:22
Jiming Huang
0
41

gbp

Pivot (invalidation): 1.2980

Our preference

Long positions above 1.2980 with targets at 1.3045 & 1.3085 in extension.

Alternative scenario

Below 1.2980 look for further downside with 1.2945 & 1.2900 as targets.

Comment

A support base at 1.2980 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)