(15 MAY 2020)GBP/USD Bullish bias above 1.2185.

Pivot
 (invalidation): 1.2185
Our preference
Long positions above 1.2185 with targets at 1.2240 & 1.2265 in extension.
Alternative scenario
Below 1.2185 look for further downside with 1.2165 & 1.2140 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)