(18 FEBRUARY 2019)GBP/USD:Key resistance at 1.2830.

Pivot (invalidation): 1.2830

Our preference

Short positions below 1.2830 with targets at 1.2770 & 1.2740 in extension.

Alternative scenario

Above 1.2830 look for further upside with 1.2850 & 1.2875 as targets.

Comment

As Long as the resistance at 1.2830 is not surpassed, the risk of the break below 1.2770

remains high. 

(By Swissquote TRADING CENTRAL)