(20 January 2020)GBP/USD Rebound expected.

(20 January 2020)GBP/USD Rebound expected.

20 January 2020, 09:00
Jiming Huang
0
68

gb
Pivot
 (invalidation): 1.2980
Our preference
Long positions above 1.2980 with targets at 1.3020 & 1.3045 in extension.
Alternative scenario
Below 1.2980 look for further downside with 1.2960 & 1.2940 as targets.
Comment
A support base at 1.2980 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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