(03 March 2020)GBP/USD Rebound expected.

Pivot
 (invalidation): 1.2740
Our preference
Long positions above 1.2740 with targets at 1.2825 & 1.2850 in extension.
Alternative scenario
Below 1.2740 look for further downside with 1.2720 & 1.2700 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)