(07 AUGUST 2019)GBP/USD:Bullish bias above 1.2140.

(07 AUGUST 2019)GBP/USD:Bullish bias above 1.2140.

7 August 2019, 09:07
Jiming Huang
0
48

gb

Pivot (invalidation): 1.2140

Our preference

Long positions above 1.2140 with targets at 1.2190 & 1.2210 in extension.

Alternative scenario

Below 1.2140 look for further downside with 1.2115 & 1.2100 as targets.

Comment

A support base at 1.2140 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)


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