![(05 NOVEMBER 2018)GBP/USD:Bullish bias above 1.2950. (05 NOVEMBER 2018)GBP/USD:Bullish bias above 1.2950.](https://c.mql5.com/6/817/splash-722341.jpg)
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
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Pivot (invalidation): 1.2950
Our preference
Long positions above 1.2950 with targets at 1.3050 & 1.3090 in extension.
Alternative scenario
Below 1.2950 look for further downside with 1.2905 & 1.2855 as targets.
Comment
A support base at 1.2950 has formed and has allowed for a temporary stabilisation.
(By Swissquote TRADING CENTRAL)