Even after a breakout above 1.2748, GBP is still consolidating above this line. Unless there's a clear bearish breach below 1.2748, I still expect a positive move to the upper side towards 1.3489. Generally, nothing has changed much since the previous forecast, this pair could retrace for the second time to the just broken line to re-buy GBP towards 1.3489. On the daily chart above, buy positions seems more ideal and can be recommended unless the price descend below 1.2748.
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