GBP/USD Intraday: the bias remains bullish.
Pivot: 1.2665
Our preference: long positions above 1.2665 with targets at 1.2705 & 1.2720 in extension.
Alternative scenario: below 1.2665 look for further downside with 1.2650 & 1.2630 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2740
1.2720
1.2705
1.2681 Last
1.2665
1.2650
1.2630
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