GBPUSD holds on to the price level, trading flat

The British pound has been trading flat over the past few sessions near a price level of 1.2485.

We could expect a possible upside breakout on a close above this level. However, the Stochastics oscillator is pushing lower.

This could indicate a possible move to the downside.

The overall price action for GBPUSD is likely to maintain this sideways range until we see a strong breakout from within the levels.

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