HomeContributorsTechnical AnalysisGBP/USD Bullish Bias Above 1.2995

GBP/USD Bullish Bias Above 1.2995

Pivot (invalidation): 1.2995

Our preference Long positions above 1.2995 with targets at 1.3040 & 1.3060 in extension.

Alternative scenario Below 1.2995 look for further downside with 1.2970 & 1.2950 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The pair has broken above the upper boundary of a bearish channel drawn from September 27.

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