(04 February 2020)GBP/USD Key resistance at 1.3020.

Pivot
 (invalidation): 1.3020
Our preference
Short positions below 1.3020 with targets at 1.2975 & 1.2950 in extension.
Alternative scenario
Above 1.3020 look for further upside with 1.3050 & 1.3075 as targets.
Comment
As Long as the resistance at 1.3020 is not surpassed, the risk of the break below 1.2975
remains high.

(By Swissquote TRADING CENTRAL)