Should we expect a bearish trend on GBPUSD?

The breakout of GBPUSD through the 1.2559 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBPUSD could test 1.2492 within the next 18 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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