(20 JULY 2020)GBP/USD The downside prevails.

Pivot
 (invalidation): 1.2555
Our preference
Short positions below 1.2555 with targets at 1.2510 & 1.2485 in extension.
Alternative scenario
Above 1.2555 look for further upside with 1.2575 & 1.2590 as targets.
Comment
A break below 1.2510 would trigger a drop towards 1.2485.

(By Swissquote TRADING CENTRAL)