7640598 7/12/2017 4:13 PM, GBP FX Futures? (CME) ST: the bias remains bullish.


Pivot: 1.2630


Our preference:

long positions above 1.2630 with targets at 1.3080 & 1.3470 in extension.


Alternative scenario:

below 1.2630 look for further downside with 1.2380 & 1.2005 as targets.


Comment:

the RSI lacks downward momentum.


Supports and resistances:


1.4030

1.3470

1.3080


1.2870

Last

1.2630

1.2380

1.2005