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GBP/USD breakout from a Channel Up trade setup. Will it continue this trend to hit the target price?

You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.2668 but consider reducing the size of your position as the price gets closer to that target.

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