(10 OCTOBER 2018)GBP/USD:The upside prevails.

(10 OCTOBER 2018)GBP/USD:The upside prevails.

10 October 2018, 09:24
Jiming Huang
0
51

gbp

Pivot (invalidation): 1.3125

Our preference

Long positions above 1.3125 with targets at 1.3170 & 1.3210 in extension.

Alternative scenario

Below 1.3125 look for further downside with 1.3100 & 1.3070 as targets.

Comment

The break above 1.3125 is a positive signal that has opened a path to 1.3170.

(By Swissquote TRADING CENTRAL)

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