GBP/USD Intraday: intraday support around 1.2895.
Pivot: 1.2895

Most likely scenario: long positions above 1.2895 with targets at 1.2950 & 1.2985 in extension.

Alternative scenario: below 1.2895 look for further downside with 1.2870 & 1.2840 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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