GBP/USD Intraday: watch 1.2080.
Our preference: short positions below 1.2130 with targets at 1.2080 & 1.2050 in extension.
Alternative scenario: above 1.2130 look for further upside with 1.2155 & 1.2175 as targets.
Comment: a break below 1.2080 would trigger a drop towards 1.2050.
Supports and resistances:
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