GBPUSD: New breakout confirmed after USD decline!

The GBP/USD pair continued to rise near 1.2688 on Thursday during the early Asian session. The major pair's rally was supported by a weaker greenback following the release of softer US CPI inflation data.

The outlook continues to be bullish as the pair successfully breaks resistance at 1.263 and makes this the expected new support level after a mild trend correction.