Fri, May 07, 2021 @ 13:22 GMT
Home Contributors Technical Analysis GBP/USD Bullish Bias Above 1.2785

GBP/USD Bullish Bias Above 1.2785

Pivot (invalidation): 1.2785

Our preference Long positions above 1.2785 with targets at 1.2870 & 1.2900 in extension.

Alternative scenario Below 1.2785 look for further downside with 1.2740 & 1.2695 as targets.

Comment Technically the RSI is above its neutrality area at 50. The pair is consolidating gains made above the key 1.2800 level.

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