(07 April 2020)GBP/USD Continuation of the rebound.

Pivot
 (invalidation): 1.2215
Our preference
Long positions above 1.2215 with targets at 1.2290 & 1.2320 in extension.
Alternative scenario
Below 1.2215 look for further downside with 1.2190 & 1.2160 as targets.
Comment
The break above 1.2215 is a positive signal that has opened a path to 1.2290.

(By Swissquote TRADING CENTRAL)