(17 JANUARY 2019)GBP/USD:The bias remains bullish.

Pivot (invalidation): 1.2840

Our preference

Long positions above 1.2840 with targets at 1.2895 & 1.2930 in extension.

Alternative scenario

Below 1.2840 look for further downside with 1.2800 & 1.2770 as targets.

Comment

A support base at 1.2840 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)