(18 September 2019 )GBP/USD Bullish bias above 1.2470.

Pivot
 (invalidation): 1.2470
Our preference
Long positions above 1.2470 with targets at 1.2505 & 1.2530 in extension.
Alternative scenario
Below 1.2470 look for further downside with 1.2450 & 1.2425 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limit