(26 NOVEMBER 2018)GBP/USD:Watch 1.2765.

Pivot (invalidation): 1.2840

Our preference

Short positions below 1.2840 with targets at 1.2795 & 1.2765 in extension.

Alternative scenario

Above 1.2840 look for further upside with 1.2870 & 1.2910 as targets.

Comment

Even though a continuation of the technical rebound cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)