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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2839. According to the M30 time – frame, I found that GBP/USD is trading above the pivot resistance 1, which is a sign that the pair is gaining momentum. My advice is to watch for buying opportunities. The upward target is set at the price of 1.2870.
The material has been provided by InstaForex Company - www.instaforex.com