//(23 OCTOBER 2018)GBP/USD:Watch 1.2900.

(23 OCTOBER 2018)GBP/USD:Watch 1.2900.

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gbp

Pivot (invalidation): 1.3015

Our preference

Short positions below 1.3015 with targets at 1.2950 & 1.2900 in extension.

Alternative scenario

Above 1.3015 look for further upside with 1.3050 & 1.3090 as targets.

Comment

A break below 1.2950 would trigger a drop towards 1.2900.

(By Swissquote TRADING CENTRAL)