GBPUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.2712 may materialize within the next 3 days.
Supported by Upward sloping Moving Average
Target: 1.2712 Entry: 1.2586 Stop: 1.254
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