(16 NOVEMBER 2018)GBP/USD:Key resistance at 1.2835.

Pivot (invalidation): 1.2835

Our preference

Short positions below 1.2835 with targets at 1.2755 & 1.2720 in extension.

Alternative scenario

Above 1.2835 look for further upside with 1.2880 & 1.2950 as targets.

Comment

As Long as the resistance at 1.2835 is not surpassed, the risk of the break below 1.2755

remains high. 

(By Swissquote TRADING CENTRAL)