(20 SEPTEMBER 2018)GBP/USD:Key resistance at 1.3170.

Pivot (invalidation): 1.3170

Our preference

Short positions below 1.3170 with targets at 1.3120 & 1.3100 in extension.

Alternative scenario

Above 1.3170 look for further upside with 1.3215 & 1.3245 as targets.

Comment

As Long as the resistance at 1.3170 is not surpassed, the risk of the break below 1.3120

remains high. 

(By Swissquote TRADING CENTRAL)