GBP/USD Intraday: watch 1.2420.
Pivot: 1.2460
Our preference: short positions below 1.2460 with targets at 1.2420 & 1.2400 in extension.
Alternative scenario: above 1.2460 look for further upside with 1.2480 & 1.2500 as targets.
Comment: a break below 1.2420 would trigger a drop towards 1.2400.
Supports and resistances:
1.2500
1.2480
1.2460
1.2432 Last
1.2420
1.2400
1.2380
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