Contributors Technical Analysis GBP/USD Aim @ 1.3040

GBP/USD Aim @ 1.3040

Pivot (invalidation): 1.2950

Our preference Long positions above 1.2950 with targets at 1.3015 & 1.3040 in extension.

Alternative scenario Below 1.2950 look for further downside with 1.2920 & 1.2885 as targets.

Comment The RSI calls for a new upleg.

Previous articleEUR/USD Key Resistance At 1.1160
Next articleUSD/JPY The Bias Remains Bullish
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version