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  • The pair dropped to 1.3080 and bounced quickly to the previous intraday trading range between 1.3095 and 1.3105.  
  • Consolidation above 1.3110 over the next hours could lead to a test of 1.3140 and also to Monday’s high.  
  • Modest upside bias to remain in place as long as price holds on top of 1.3065/1.3080; below bearish pressure likely to intensify.  

GBP/USD 15-minute chart  

GBP/USD

Spot rate:               1.3097
High:                     1.3157
Low:                      1.3081

Trend:                    Neutral

Resistance 1:        1.3140
Resistance 2:        1.3185  
Resistance 3:        1.3225

Support 1:             1.3045
Support 2:             1.3005
Support 3:             1.2955 (Jul 19 low)