(02 OCTOBER 2018)GBP/USD:Limited upside.

(02 OCTOBER 2018)GBP/USD:Limited upside.

2 October 2018, 09:02
Jiming Huang
0
63

gbp

Pivot (invalidation): 1.3025

Our preference

Long positions above 1.3025 with targets at 1.3060 & 1.3085 in extension.

Alternative scenario

Below 1.3025 look for further downside with 1.3000 & 1.2980 as targets.

Comment

A support base at 1.3025 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)