(14 AUGUST 2018)GBP/USD:Key resistance at 1.2790.

Pivot (invalidation): 1.2790

Our preference

Short positions below 1.2790 with targets at 1.2740 & 1.2720 in extension.

Alternative scenario

Above 1.2790 look for further upside with 1.2820 & 1.2850 as targets.

Comment

As Long as the resistance at 1.2790 is not surpassed, the risk of the break below 1.2740

remains high. 

(By Swissquote TRADING CENTRAL)