Pivot (invalidation): 1.2480
Our preference Short positions below 1.2480 with targets at 1.2440 & 1.2420 in extension.
Alternative scenario Above 1.2480 look for further upside with 1.2500 & 1.2520 as targets.
Comment The RSI calls for a new downleg.
![](https://www.actionforex.com/wp-content/uploads/2019/07/2-31-600x392.jpg)