• GBP/USD Intraday: the downside prevails.

    GBP/USD Intraday: the downside prevails.

    GBP/USD Intraday: the downside prevails.
    Pivot: 1.2390

    Most Likely Scenario: short positions below 1.2390 with targets at 1.2340 & 1.2315 in extension.

    Alternative scenario: above 1.2390 look for further upside with 1.2430 & 1.2465 as targets.

    Comment: the upward potential is likely to be limited by the resistance at 1.2390.

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