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GBP/USD: Ascending Channel

GBP/USD, 1 hour    SHORT 24 hours ago
It seems like an ascending channel has been distinguished, GBP/USD wants an active move to confirm a breakout. If price breaks out to the the downside, the resulting move could indicate a bearish price move. It is likely that a bearish continuation to 1.262 will be made on impulse below 1.2635 as downtrend may continue.
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