The pair had a strong rally during Tuesday's session after comments from BoE's Kristin Forbes about a possible move in the interest rates. Currently, GBP/USD is consolidating above the 200 SMA at H1 chart and it's now heading toward 1.2561. If we see a breakout above that area, then we can expect another bulls' attempt to test the 1.2645 zone.
H1 chart's resistance levels: 1.2561 / 1.2645
H1 chart's support levels: 1.2475 / 1.2414
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2561, take profit is at 1.2645 and stop loss is at 1.2480.
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