(11 OCTOBER 2018)GBP/USD:Further advance.

(11 OCTOBER 2018)GBP/USD:Further advance.

11 October 2018, 09:19
Jiming Huang
0
79

gbp

Pivot (invalidation): 1.3175

Our preference

Long positions above 1.3175 with targets at 1.3265 & 1.3300 in extension.

Alternative scenario

Below 1.3175 look for further downside with 1.3130 & 1.3100 as targets.

Comment

A support base at 1.3175 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)