8110428 11/14/2017 4:30 PM, GBP/USD MT: the bias remains bullish.


Pivot: 1.2350


Our preference:

long positions above 1.2350 with targets at 1.4000 & 1.4560 in extension.


Alternative scenario:

below 1.2350 look for further downside with 1.1940 & 1.1250 as targets.


Comment:

The pair has rebounded above its former declining trend line and above its 50-weeks moving average which is revering up. Further advance is therefore expected toxards 1.4000 and 1.4560.


Supports and resistances:


1.5000

1.4560

1.4000


1.3300

Last

1.2350

1.1940

1.1250