(05 October 2020)GBP/USD The upside prevails.

(05 October 2020)GBP/USD The upside prevails.

5 October 2020, 09:08
Jiming Huang
0
79

bg
Pivot
 (invalidation): 1.2910
Our preference
Long positions above 1.2910 with targets at 1.2980 & 1.3010 in extension.
Alternative scenario
Below 1.2910 look for further downside with 1.2890 & 1.2860 as targets.
Comment
A support base at 1.2910 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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