(20 FEBRUARY 2019)GBP/USD:The bias remains bullish.

Pivot (invalidation): 1.3030

Our preference

Long positions above 1.3030 with targets at 1.3100 & 1.3155 in extension.

Alternative scenario

Below 1.3030 look for further downside with 1.2990 & 1.2940 as targets.

Comment

The break above 1.3030 is a positive signal that has opened a path to 1.3100.

(By Swissquote TRADING CENTRAL)