(23 January 2020)GBP/USD Bullish bias above 1.3120.

Pivot
 (invalidation): 1.3120
Our preference
Long positions above 1.3120 with targets at 1.3155 & 1.3175 in extension.
Alternative scenario
Below 1.3120 look for further downside with 1.3095 & 1.3065 as targets.
Comment
A support base at 1.3120 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL)