GBP/USD Intraday: the bias remains bullish.
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Pivot: 1.2880
Our preference: long positions above 1.2880 with targets at 1.2945 & 1.2965 in extension.
Alternative scenario: below 1.2880 look for further downside with 1.2860 & 1.2840 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.2980
1.2965
1.2945
1.2905 Last
1.2880
1.2860
1.2840
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