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December 11, 2024

GBP/USD Eyes 1.2800 as Upward Momentum Builds

The British Pound has initiated a recovery pattern, climbing above both the 1.2450 and 1.2550 marks against the US Dollar. GBP/USD has successfully surged past 1.2620, indicating a transition into a short-term positive trend. Continued upward pressure may lead to a breakout near the 1.2800 level. Traders should remain alert to potential volatility as this pair navigates through various technical signals over the next sessions.

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