GBP/USD profit target reached once again, remain bullish

The price has shot up and reached our profit target perfectly as expected. We now remain bullish above the 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to the 1.2651 resistance (major Fibonacci extension).

The RSI (34) has made a nice bullish exit signalling that a further rise in the price is expected.

Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651.

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