(05 August 2020)GBP/USD The upside prevails.

Pivot
 (invalidation): 1.3050
Our preference
Long positions above 1.3050 with targets at 1.3105 & 1.3140 in extension.
Alternative scenario
Below 1.3050 look for further downside with 1.3010 & 1.2980 as targets.
Comment
The RSI advocates for further upside.

(By Swissquote TRADING CENTRAL)