GBP/USD Intraday: key resistance at 1.2200.
Our preference: short positions below 1.2200 with targets at 1.2145 & 1.2120 in extension.
Alternative scenario: above 1.2200 look for further upside with 1.2235 & 1.2260 as targets.
Comment: as long as 1.2200 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
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