(09 JANUARY 2019)GBP/USD:Key resistance at 1.2750.

Pivot (invalidation): 1.2750

Our preference

Short positions below 1.2750 with targets at 1.2695 & 1.2670 in extension.

Alternative scenario

Above 1.2750 look for further upside with 1.2790 & 1.2815 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.2750.

(By Swissquote TRADING CENTRAL)