Pivot (invalidation): 12980.00
Our preference Short positions below 12980.00 with targets at 12720.00 & 12650.00 in extension.
Alternative scenario Above 12980.00 look for further upside with 13050.00 & 13100.00 as targets.
Comment As Long as 12980.00 is resistance, likely decline to 12720.00.
![](https://www.actionforex.com/wp-content/uploads/2020/08/8-29-600x392.jpg)