GBP is currently consolidating upwards. Unless there's a breakout below the support line 1.2768, I expect this consolidation to continue upwards and even a spike towards 1.3489. On the daily chart above, a move to the upper side looks more ideal and may be recommended but only up to 1.3489. A breakout above this line will push the price further upwards. My advice, if you went long upon the first retracement towards 1.2768, leave this position open.
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