GBPUSD Resumes its Bullish Trend, Approaching 1.3122

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The pound sterling touched a fresh 4-month high on Thursday.

After a brief pullback, prices reversed direction and continued higher.

We now expect the currency pair to continue toward the 1.3122 level.

This will see price action testing the previous highs, just prior to the breakdown following the onset of the COVID-19 pandemic.

We expect prices to possible retreat after testing this level in the near term.

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