Should we expect a bullish trend on GBPUSD?

GBPUSD has broken through a line of 1.2518 and suggests a possible movement to 1.2577 within the next 22 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.

Past performance is not an indicator of future results.
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