(12 MAY 2020)GBP/USD Watch 1.2260.

Pivot
 (invalidation): 1.2340
Our preference
Short positions below 1.2340 with targets at 1.2285 & 1.2260 in extension.
Alternative scenario
Above 1.2340 look for further upside with 1.2360 & 1.2380 as targets.
Comment
A break below 1.2285 would trigger a drop towards 1.2260.

(By Swissquote TRADING CENTRAL)