GBP/USD Intraday: the bias remains bullish.
Pivot: 1.2610
Our preference: long positions above 1.2610 with targets at 1.2650 & 1.2670 in extension.
Alternative scenario: below 1.2610 look for further downside with 1.2595 & 1.2575 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2690
1.2670
1.2650
1.2628 Last
1.2610
1.2595
1.2575
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