Turning Down
Our Pivot: 1.2597
Our Preference: Short sell GBPUSD below 1.2574 with strict stop loss of 1.2597 and profit target at 1.2528 and 1.2510.
Alternate Scenario: Upward penetration of 1.2597 will call for 1.2620 and 1.2645.
NOTE: GBP is in correction mode of its last bullish rally after facing rejection from a resistant trend line.
Chart with supports & resistances:
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