(19 OCTOBER 2018)GBP/USD:The downside prevails.

(19 OCTOBER 2018)GBP/USD:The downside prevails.

19 October 2018, 14:38
Jiming Huang
0
91

gbp

Pivot (invalidation): 1.3065

Our preference

Short positions below 1.3065 with targets at 1.3000 & 1.2970 in extension.

Alternative scenario

Above 1.3065 look for further upside with 1.3100 & 1.3130 as targets.

Comment

The break below 1.3065 is a negative signal that has opened a path to 1.3000.

(By Swissquote TRADING CENTRAL)