UncategorizedWeekly Analysis

GBP/USD Intraday: bullish bias above 1.2785(17.10.2019)

Pivot: 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: the RSI lacks downward momentum.

Supports and resistances:
1.2920
1.2900
1.2870
1.2827 Last
1.2785
1.2740
1.2695

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