(17 JULY 2018)GBP/USD:Bullish bias above 1.3215.

(17 JULY 2018)GBP/USD:Bullish bias above 1.3215.

17 July 2018, 10:06
Jiming Huang
0
73

gbp

Pivot (invalidation): 1.3215

Our preference

Long positions above 1.3215 with targets at 1.3250 & 1.3290 in extension.

Alternative scenario

Below 1.3215 look for further downside with 1.3190 & 1.3165 as targets.

Comment

A support base at 1.3215 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)