![(16 OCTOBER 2018)GBP/USD:Bullish bias above 1.3130. (16 OCTOBER 2018)GBP/USD:Bullish bias above 1.3130.](https://c.mql5.com/6/816/splash-721898.jpg)
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
0
78
Pivot (invalidation): 1.3130
Our preference
Long positions above 1.3130 with targets at 1.3165 & 1.3185 in extension.
Alternative scenario
Below 1.3130 look for further downside with 1.3095 & 1.3065 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)