(07 JULY 2020)GBP/USD Key resistance at 1.2520.

Pivot
 (invalidation): 1.2520
Our preference
Short positions below 1.2520 with targets at 1.2480 & 1.2455 in extension.
Alternative scenario
Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets.
Comment
As Long as the resistance at 1.2520 is not surpassed, the risk of the break below 1.2480
remains high.

(By Swissquote TRADING CENTRAL)