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GBP/USD climbing up
Dollar weakness continues to drive the move higher for GBP/USD, with some resistance this morning at the first weekly resistance pivot ($1.2497).
However, the fact it broke through the trendline resistance from the February high reinforces the idea we will see fresh strength, with upside targets at $1.2561 and then $1.2706. As ever, it will pay to watch how the price behaves in any sell-off, but if the dip from the beginning of the week is a sign, then dips should be firmly bought.