Pivot
(invalidation):
1.2200
Our preference
Short positions below 1.2200 with targets at 1.2170 & 1.2150 in extension.
Alternative scenario
Above
1.2200 look for further upside with 1.2220 & 1.2235 as targets.
Comment
A break below 1.2170 would trigger a drop towards 1.2150.
