![(11 JANUARY 2019)GBP/USD:Key resistance at 1.2780. (11 JANUARY 2019)GBP/USD:Key resistance at 1.2780.](https://c.mql5.com/6/822/splash-723916.jpg)
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
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Pivot (invalidation): 1.2780
Our preference
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.
(By Swissquote TRADING CENTRAL)