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Breach of 1.2475 could mean a start of a bearish trend on GBP/USD

GBP/USD has broken through a line of 1.2475. If this breakout holds true, we expect the price of GBP/USD to test 1.2407 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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