(08 FEBRUARY 2019)GBP/USD:Watch 1.3000.

(08 FEBRUARY 2019)GBP/USD:Watch 1.3000.

8 February 2019, 12:01
Jiming Huang
0
48

gb

Pivot (invalidation): 1.2925

Our preference

Long positions above 1.2925 with targets at 1.2975 & 1.3000 in extension.

Alternative scenario

Below 1.2925 look for further downside with 1.2895 & 1.2855 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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