Price is trading in the green and is almost to reach the upside line of the up channel. Technically a breakout is favored, but we have to wait for a valid one before we take action. The Cable could receive support from the UK’s data once again, the Average Earnings Index, Claimant Count Change and the Unemployment Rate will be released later.

GBP/USD is trading right above the 1.3300 psychological level and above the 1.3268 broken horizontal resistance, a minor consolidation will attract more buyers.


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