GBP/USD: The pair is trading positive and has shown some recovery similar to Euro with price edging its way up above 1.2440 marks. While the price did test 1.245 handle in a rally led by GBPUSD’s weakness, it still remains mostly locked in a range between 1.2440/50 handles for now. Traders now await the US data and fresh cues from the US market for short term profit opportunities. 

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