GBP/USD Intraday: the upside prevails.
Pivot: 1.3020

Most likely scenario: long positions above 1.3020 with targets at 1.3080 & 1.3110 in extension.

Alternative scenario: below 1.3020 look for further downside with 1.2980 & 1.2950 as targets.

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

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