GBP/USD Intraday: key resistance at 1.2780.

GBP/USD Intraday: key resistance at 1.2780.
Pivot: 1.2780

Most likely scenario: short positions below 1.2780 with targets at 1.2730 & 1.2705 in extension.

Alternative scenario: above 1.2780 look for further upside with 1.2805 & 1.2820 as targets.

Comment: as long as the resistance at 1.2780 is not surpassed, the risk of the break below 1.2730 remains high.

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