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GBP/USD is currently testing a level of 1.2518. Will the breakout continue or will things reverse?

GBP/USD has broken through a line of 1.2518. If this breakout holds true, we could see the price of GBP/USD heading towards 1.2486 within the next 12 hours. 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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