![(22 JANUARY 2019)GBP/USD:Bullish bias above 1.2860. (22 JANUARY 2019)GBP/USD:Bullish bias above 1.2860.](https://c.mql5.com/6/823/splash-724149.jpg)
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
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Pivot (invalidation): 1.2860
Our preference
Long positions above 1.2860 with targets at 1.2900 & 1.2925 in extension.
Alternative scenario
Below 1.2860 look for further downside with 1.2830 & 1.2800 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited
(By Swissquote TRADING CENTRAL)