(25 MAY 2020)GBP/USD Bullish bias above 1.2160.

(25 MAY 2020)GBP/USD Bullish bias above 1.2160.

25 May 2020, 08:59
Jiming Huang
0
66

bg
Pivot
 (invalidation): 1.2160
Our preference
Long positions above 1.2160 with targets at 1.2195 & 1.2210 in extension.
Alternative scenario
Below 1.2160 look for further downside with 1.2140 & 1.2120 as targets.
Comment
A support base at 1.2160 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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