(23 JULY 2020)GBP/USD Key resistance at 1.2745.

Pivot
 (invalidation): 1.2745
Our preference
Short positions below 1.2745 with targets at 1.2715 & 1.2690 in extension.
Alternative scenario
Above 1.2745 look for further upside with 1.2770 & 1.2800 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.2745.

(By Swissquote TRADING CENTRAL)