GBP/USD Intraday: bullish bias above 1.2475.


Pivot: 1.2475
Our preference: long positions above 1.2475 with targets at 1.2510 & 1.2530 in extension.
Alternative scenario: below 1.2475 look for further downside with 1.2455 & 1.2440 as targets.
Comment: a support base at 1.2475 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
1.2550
1.2530
1.2510
1.2494 Last
1.2475
1.2455
1.2440
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