(01 MAY 2019)GBP/USD:Further upside.

(01 MAY 2019)GBP/USD:Further upside.

1 May 2019, 09:47
Jiming Huang
0
54

gb

Pivot (invalidation): 1.3025

Our preference

Long positions above 1.3025 with targets at 1.3050 & 1.3080 in extension.

Alternative scenario

Below 1.3025 look for further downside with 1.3010 & 1.2990 as targets.

Comment

A support base at 1.3025 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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