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GBPUSD continues to tread higher at a steady pace.

Price action is trading above the 1.2500 level.

However, the intensity of the breakout could keep the downside risks.

There is scope for prices to slip back to the lower end of the range, or trade sideways within the levels.

A successful continuation to the upside, however, could see the GBPUSD rising to test the upper resistance level near 1.2858.


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