GBP/USD Intraday: key resistance at 1.2975.(24.12.2019)

 

Pivot: 1.2975

 

Our preference: short positions below 1.2975 with targets at 1.2900 & 1.2865 in extension.

Alternative scenario: above 1.2975 look for further upside with 1.3005 & 1.3030 as targets.

Comment: as long as the resistance at 1.2975 is not surpassed, the risk of the break below 1.2900 remains high.

Supports and resistances:
1.3030
1.3005
1.2975
1.2944 Last
1.2900
1.2865
1.2840