GBP continues to consolidate above 1.2748 but should head straight towards 1.3489. On the daily chart above, unless there's a clear bearish breach below 1.2748, I expect a positive move to the upper side towards 1.3489 and may breakout above. At the moment, there could be a second retracement towards 1.2748 to give a second chance to re-buy GBP at the minimal risk. My advice, if you went long during the first pullback towards 1.2748, leave this position open.
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