(09 April 2020)GBP/USD Bullish bias above 1.2365.

(09 April 2020)GBP/USD Bullish bias above 1.2365.

9 April 2020, 09:06
Jiming Huang
0
116

gb
Pivot
 (invalidation): 1.2365
Our preference
Long positions above 1.2365 with targets at 1.2420 & 1.2440 in extension.
Alternative scenario
Below 1.2365 look for further downside with 1.2340 & 1.2315 as targets.
Comment
A support base at 1.2365 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)