I gave 1.2680 as a strong level if price goes up first but instead GBPUSD made a fake break of the strong level below before rallying on hot UK CPI number. It hit 1.2680 and came down for a good 40 pips but i closed near the highs.
Overall price action turned bullish though trend is still down. Looking for a possible pullback, with 1.2658 and 1.2625 as two levels to watch for the move higher to target 1.2735 and 1.2757.
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