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The GBP/USD pair rebounded on Tuesday, following a stronger-than-expected UK jobs report. The pair remains consolidated within a narrow range, with potential for further upside if it can break above key resistance levels.

Technical Analysis:

  • Consolidation: The pair is currently consolidating in a narrow range.
  • Upside Potential: A break above 1.3100 could lead to further gains, with potential targets at 1.3112, 1.3174, and 1.3200.
  • Downside Risk: If the pair falls below 1.3000, it could trigger further declines, with potential targets at 1.3050 and 1.3010.

Overall Outlook:

The GBP/USD pair is likely to remain volatile, influenced by economic data and market sentiment. Traders should monitor technical indicators for signs of a trend reversal.

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