（31 MAY 2019)GBP/USD:Capped by a negative trend line.

Pivot (invalidation): 1.2620

Our preference

Short positions below 1.2620 with targets at 1.2600 & 1.2580 in extension.

Alternative scenario

Above 1.2620 look for further upside with 1.2640 & 1.2660 as targets.

Comment

The upward potential is likely to be limited by the resistance at 1.2620.

(By Swissquote TRADING CENTRAL)