Probably will see some choppy price action continue, but have put a couple scenarios on the chart. GBP/USD will likely want to test 1.2375 and lower before the real test of 1.2860 above is made. Will price action break above that level? We think so and just posted our long, medium, and short term forecast for premium members.
Trade closed: target reached
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The 1.2375 and 1.2286 levels were hit to the downside. Should be higher now over the next several weeks.