(11 DECEMBER 2018)GBP/USD:Key resistance at 1.2600.

Pivot (invalidation): 1.2600

Our preference

Short positions below 1.2600 with targets at 1.2540 & 1.2505 in extension.

Alternative scenario

Above 1.2600 look for further upside with 1.2650 & 1.2690 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.2600.

(By Swissquote TRADING CENTRAL)