(16 JANUARY 2019)GBP/USD: Rebound expected.

(16 JANUARY 2019)GBP/USD: Rebound expected.

16 January 2019, 09:20
Jiming Huang
0
57

gbp

Pivot (invalidation): 1.2820

Our preference

Long positions above 1.2820 with targets at 1.2890 & 1.2930 in extension.

Alternative scenario

Below 1.2820 look for further downside with 1.2770 & 1.2730 as targets.

Comment

A support base at 1.2820 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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