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After the breakthrough and close below the previous day Low Cable, the GBP/USD pair may test the 1.2621 level. If the bullish momentum is strong enough then this pair will rise to the level of 1.2665 as its secondary target. This scenario is likely to occur if the GBP/USD does not decline and close bellow the 1.2515 level.
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The material has been provided by InstaForex Company - www.instaforex.com