GBP/USD Technical Analysis

<p>On the hourly chart of GBP/USD at FXOpen, the pair started a decent increase above the 1.2850 resistance. The British Pound even cleared the 1.2900 barrier against the US Dollar. The pair is now trading above the 1.2930 level and the 50-hour simple moving average. On the upside, the first major resistance is near 1.2965. [&#8230;]</p>
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