(10 MAY 2019)GBP/USD:Rebound expected.

(10 MAY 2019)GBP/USD:Rebound expected.

10 May 2019, 09:15
Jiming Huang
0
38

gb

Pivot (invalidation): 1.2995

Our preference

Long positions above 1.2995 with targets at 1.3035 & 1.3060 in extension.

Alternative scenario

Below 1.2995 look for further downside with 1.2970 & 1.2945 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)


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