Further Advance
Our Pivot: 1.2390
Our Preference: Buy GBPUSD above 1.2440 with strict stop loss of 1.2390 and profit target at 1.2505 and 1.2520.
Alternate Scenario: Downward penetration of 1.2390 will call for 1.2370 and 1.2340.
NOTE: GBP being capped by strong horizontal resistant region therefore it's recommended to buy after a dip as momentum indicators are still in bullish mode.
Chart with supports & resistances:
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