GBP/USD Intraday: capped by a negative trend line.
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Pivot: 1.2230
Our preference: short positions below 1.2230 with targets at 1.2195 & 1.2180 in extension.
Alternative scenario: above 1.2230 look for further upside with 1.2250 & 1.2265 as targets.
Comment: as long as 1.2230 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
1.2265
1.2250
1.2230
1.2213 Last
1.2195
1.2180
1.2160
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