The GBP/USD pair climbed as much as 1.2482 today,registering a new high. Now, it has retreated a little also because the US ADP Non-Farm Employment Change came in at 278K versus 173K expected. The Unemployment Claims and ISM Manufacturing PMI represent high-impact events as well, so the fundamentals should move the rate.
Technically, the rate registered an aggressive breakout through the median line (ml) and above 1.2469. Stabilizing above the median line (ml) should announce further growth towards the upper median line (uml).
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