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GBP/USD reached buy target - 1.3100

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  • GBP/USD reached buy target - 1.3100
  • Next buy target - 1.3270

GBP/USD continues to rise after the earlier breakout of the resistance level 1.3100, which was set as the buy target in our earlier forecast for this currency pair. The breakout of the resistance level 1.3100 accelerated the active minor impulse waves 3 and (iii) – both of which belong to the sharp intermediate impulse wave (3) from the end of June. GBP/USD is expected to rise to the next buy target at the next resistance level 1.3270 (top of the previous impulse wave 1 from August).

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