(05 March 2020)GBP/USD The upside prevails.

(05 March 2020)GBP/USD The upside prevails.

5 March 2020, 08:53
Jiming Huang
0
103

gb
Pivot
 (invalidation): 1.2850
Our preference
Long positions above 1.2850 with targets at 1.2885 & 1.2900 in extension.
Alternative scenario
Below 1.2850 look for further downside with 1.2830 & 1.2800 as targets.
Comment
The break above 1.2850 is a positive signal that has opened a path to 1.2885.

(By Swissquote TRADING CENTRAL)