Pivot (invalidation): 0.9470
Our preference Short positions below 0.9470 with targets at 0.9445 & 0.9435 in extension.
Alternative scenario Above 0.9470 look for further upside with 0.9490 & 0.9505 as targets.
Comment The upward potential is likely to be limited by the resistance at 0.9470.
![](https://www.actionforex.com/wp-content/uploads/2020/07/4-4-600x392.jpg)