(17 October 2019)GBP/USD Bullish bias above 1.2785.

Pivot
 (invalidation): 1.2785
Our preference
Long positions above 1.2785 with targets at 1.2870 & 1.2900 in extension.
Alternative scenario
Below 1.2785 look for further downside with 1.2740 & 1.2695 as targets.
Comment
Technically the RSI is above its neutrality area at 50. The pair is consolidating gains made
above the key 1.2800 level.

(By Swissquote TRADING CENTRAL)