(30 JULY 2018)GBP/USD:Bullish bias above 1.3080.

Pivot (invalidation): 1.3080

Our preference

Long positions above 1.3080 with targets at 1.3115 & 1.3130 in extension.

Alternative scenario

Below 1.3080 look for further downside with 1.3060 & 1.3035 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)