in ANALISA by hafid zaini

7964795 10/9/2017 8:43 AM, GBP/USD ST: bullish bias above 1.2780.


Pivot: 1.2780


Our preference:

long positions above 1.2780 with targets at 1.3660 & 1.3840 in extension.


Alternative scenario:

below 1.2780 look for further downside with 1.2600 & 1.2350 as targets.


Comment:

even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Supports and resistances:


1.4120 **

1.3840 ***

1.3660 ***


1.3082

Last

1.2780 ***

1.2600 ***

1.2350 **