The GBP/USD is paring back after a touch of the 1.2500 handle, testing back into the 1.2400 region after a broad miss for UK data and mixed US figures.
<p>Pivot (invalidation): 36.25 Our preference Short positions below 36.25 with targets at 34.50 & 33.85 in extension. Alternative scenario Above 36.25 look for further upside with 37.20
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