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After testing resistance twice in the past, GBP/USD has finally broken through. Can we expect a bullish trend to follow?

The breakout of GBP/USD through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of GBP/USD to test 1.2319 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.

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EUR/USD Target Level: 1.1005

EUR/USD Target Level: 1.1005

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