(03 JULY 2020)GBP/USD Target 1.2420.

Pivot
 (invalidation): 1.2490
Our preference
Short positions below 1.2490 with targets at 1.2450 & 1.2420 in extension.
Alternative scenario
Above 1.2490 look for further upside with 1.2525 & 1.2560 as targets.
Comment
A break below 1.2450 would trigger a drop towards 1.2420

(By Swissquote TRADING CENTRAL)