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After testing 1.2469 numerous times, GBP/USD has finally broken through. Can we expect a bearish trend to follow?

The breakout of GBP/USD through the 1.2469 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBP/USD could test 1.2391 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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UK100 – approaching a price line that has been previously tested numerous times in the past

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