(13 SEPTEMBER 2018)GBP/USD:Limited upside.

(13 SEPTEMBER 2018)GBP/USD:Limited upside.

13 September 2018, 09:34
Jiming Huang
0
128

gbp

Pivot (invalidation): 1.3020

Our preference

Long positions above 1.3020 with targets at 1.3080 & 1.3110 in extension.

Alternative scenario

Below 1.3020 look for further downside with 1.2980 & 1.2950 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL) 

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