GBP/USD Intraday: caution.
Our preference: short positions below 1.2525 with targets at 1.2500 & 1.2485 in extension.
Alternative scenario: above 1.2525 look for further upside with 1.2545 & 1.2565 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.2525.
Supports and resistances:
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