GBP/USD Under Pressure

Pivot (invalidation): 1.2480

Our preference Short positions below 1.2480 with targets at 1.2420 & 1.2390 in extension.

Alternative scenario Above 1.2480 look for further upside with 1.2515 & 1.2545 as targets.

Comment As Long as the resistance at 1.2480 is not surpassed, the risk of the break below 1.2420 remains high.

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