GBP/USD Chart Technical outlook

The GBP/USD pair regains positive traction on Wednesday and reverses a major part of the previous day’s retracement slide from over a one-week high – levels just above the 1.2500 psychological mark. Spot prices build on the steady intraday ascent through the early part of the European session and currently trade around the 1.2455-1.2460 region, up over 0.40% for the day.

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