The GBP/USD prices have risen during recent trading sessions and have reached their highest levels. Currently, if the price remains above the upper boundary of the wedge pattern around 1.2615 and stays above it, there will be a strong buying opportunity with targets reaching 1.2675 and then 1.2695 as a second target. However, if the price declines and breaks below these levels, any opportunity for an upward move will be invalidated.
Technical analysis for GBP/USD
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