(11 MAY 2020)GBP/USD Bullish bias above 1.2395.

Pivot
 (invalidation): 1.2395
Our preference
Long positions above 1.2395 with targets at 1.2455 & 1.2485 in extension.
Alternative scenario
Below 1.2395 look for further downside with 1.2375 & 1.2355 as targets.
Comment
Technically the RSI is above its neutrality area at 50.

(By Swissquote TRADING CENTRAL)