GBP/USD: Watch 1.2475

Pivot (invalidation): 1.2605

Our preference Short positions below 1.2605 with targets at 1.2515 & 1.2475 in extension.

Alternative scenario Above 1.2605 look for further upside with 1.2645 & 1.2675 as targets.

Comment As Long as 1.2605 is resistance, look for choppy price action with a bearish bias.

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