After bouncing off of the daily low 1.2977, GBPUSD corrected itself to the upper side but has only pulled back up to 76.4% fib level, we still expect further momentum to the upper side and could rally significantly to the upper side towards 50.0% fib level or even higher towards 38.2% fib level. On this chart, the key levels to look for include 1.2831, 1.2977,1.3104 and 1.3182. If the price reaches any of these levels, then we will be expecting a trade. As it is on this chart, expect further retracement to the upper side towards the daily higher.
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