GBP/USD
Towards 1.2970.
Pivot
(invalidation): 1.2875
Our preference
Long positions above 1.2875 with
targets at 1.2940 & 1.2970 in extension.
Alternative scenario
Below 1.2875 look for further downside with 1.2840 & 1.2810 as targets.
Comment
The
RSI is bullish and calls for further upside. The pair is supported by the ascending
20-period moving average.
(By Swissquote TRADING CENTRAL)
