(24 December 2019)GBP/USD Key resistance at 1.2975.

Pivot
 (invalidation): 1.2975
Our preference
Short positions below 1.2975 with targets at 1.2900 & 1.2865 in extension.
Alternative scenario
Above 1.2975 look for further upside with 1.3005 & 1.3030 as targets.
Comment
As Long as the resistance at 1.2975 is not surpassed, the risk of the break below 1.2900
remains high.

(By Swissquote TRADING CENTRAL)