• GBP/USD Intraday: capped by a negative trend line.

    GBP/USD Intraday: capped by a negative trend line.

      Pivot: 1.3175

    Most Likely Scenario: short positions below 1.3175 with targets @ 1.3010 & 1.2945 in extension.

    Alternative scenario: above 1.3175 look for further upside with 1.3235 & 1.3280 as targets.

    Comment: as long as 1.3175 is resistance, look for choppy price action with a bearish bias.

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