GBP/USD Intraday: bullish bias above 1.2860.

GBP/USD Intraday: bullish bias above 1.2860.
Pivot: 1.2860

Most likely scenario: long positions above 1.2860 with targets at 1.2900 & 1.2925 in extension.

Alternative scenario: below 1.2860 look for further downside with 1.2830 & 1.2800 as targets.

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

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