(03 JULY 2020)GBP/USD Target 1.2420.

<p>Pivot</p>
<p>&nbsp;(invalidation): 1.2490 Our preference</p>
<p>Short positions below 1.2490 with targets at 1.2450 &amp; 1.2420 in extension.</p>
<p>Alternative scenario</p>
<p>Above 1.2490 look for further upside with 1.2525 &amp; 1.2560 as targets.</p>

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