GBP/USD Under Pressure

Pivot (invalidation): 1.2850

Our preference Short positions below 1.2850 with targets at 1.2800 & 1.2780 in extension.

Alternative scenario Above 1.2850 look for further upside with 1.2880 & 1.2905 as targets.

Comment A break below 1.2800 would trigger a drop towards 1.2780.

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