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

Pivot (invalidation): 1.2930

Our preference

Long positions above 1.2930 with targets at 1.3015 & 1.3080 in extension.

Alternative scenario

Below 1.2930 look for further downside with 1.2880 & 1.2830 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)