GBPUSD Closes the Week with Modest Gains

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The British pound sterling was trading bullish on Friday, recovering from the losses from the previous two days.

Price action made a decent turnaround from the 1.3122 level of support.

With the Stochastics also moving out from the oversold levels, the GBPUSD could be aiming for 1.3300 once again.

But only a strong breakout above 1.3300 will convince the markets of further upside.

Else, we could see the cable settling into a sideways range between the said levels for the moment.

The targets remain the same with 1.3000 as the downside support area if 1.3133 fails.

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