GBP/USD Intraday: consolidation.

GBP/USD Intraday: consolidation.
Pivot: 1.2840

Most likely scenario: short positions below 1.2840 with targets at 1.2795 & 1.2765 in extension.

Alternative scenario: above 1.2840 look for further upside with 1.2870 & 1.2910 as targets.

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

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