Pivot
(invalidation):
12480.00
Our preference
Short positions below 12480.00 with targets at 12345.00 & 12290.00 in extension.
Alternative scenario
Above
12480.00 look for further upside with 12545.00 & 12600.00 as targets.
Comment
The upward potential is likely to be limited by the resistance at 12480.00
