• GBP/USD Intraday: the downside prevails.

    GBP/USD Intraday: the downside prevails.

       
      Pivot: 1.2470

    Most Likely Scenario: short positions below 1.2470 with targets at 1.2380 & 1.2340 in extension.

    Alternative scenario: above 1.2470 look for further upside with 1.2505 & 1.2545 as targets.

    Comment: a break below 1.2380 would trigger a drop towards 1.2340.

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