(29 January 2020)GBP/USD Bullish bias above 1.3000.

Pivot
 (invalidation): 1.3000
Our preference
Long positions above 1.3000 with targets at 1.3040 & 1.3065 in extension.
Alternative scenario
Below 1.3000 look for further downside with 1.2970 & 1.2945 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited

(By Swissquote TRADING CENTRAL)