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The GBPUSD currency pair continues to consolidate sideways. Price action is trading right near the upper end of the range at 1.2497.

With the Stochastics oscillator turning higher, there is scope for prices to find support at this level.

This will bring back the upside bias for a test toward the 1.2858 level of resistance.

Alternately, a break down lower could see the cable settling back into the sideways range.

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