(29 MAY 2019)GBP/USD:Key resistance at 1.2670.

Pivot (invalidation): 1.2670

Our preference

Short positions below 1.2670 with targets at 1.2645 & 1.2625 in extension.

Alternative scenario

Above 1.2670 look for further upside with 1.2685 & 1.2700 as targets.

Comment

As Long as 1.2670 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)