(02 JUNE 2020)GBP/USD Bullish bias above 1.2465.

(02 JUNE 2020)GBP/USD Bullish bias above 1.2465.

2 June 2020, 09:41
Jiming Huang
0
112

gb
Pivot
 (invalidation): 1.2465
Our preference
Long positions above 1.2465 with targets at 1.2525 & 1.2560 in extension.
Alternative scenario
Below 1.2465 look for further downside with 1.2430 & 1.2400 as targets.
Comment
A support base at 1.2465 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)

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