(31 DECEMBER 2018)GBP/USD:Bullish bias above 1.2670.

Pivot (invalidation): 1.2670

Our preference

Long positions above 1.2670 with targets at 1.2705 & 1.2720 in extension.

Alternative scenario

Below 1.2670 look for further downside with 1.2650 & 1.2630 as targets.

Comment

A support base at 1.2670 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)