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The British pound has been trading flat since late March. Prices are caught within the range of 1.2485 and 1.2277.

A breakout from this channel is likely to occur in the near term.

Given the upside bias prior to this range, we expect a breakout above this level for the gains to continue.

The price level at 1.2858 level will be the next target in question.

Test your strategy on how the GBP will fare! Open your Orbex Account and start trading now. 

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