Pivot (invalidation): 12440.00
Our preference Short positions below 12440.00 with targets at 12340.00 & 12270.00 in extension.
Alternative scenario Above 12440.00 look for further upside with 12490.00 & 12540.00 as targets.
Comment The RSI is bearish and calls for further downside.
![](https://www.actionforex.com/wp-content/uploads/2019/07/8-17-600x392.jpg)