GBP/USD has broken through a resistance line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 1.2536 within the next 15 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
GBP/USD – breach of a trending resistance line that has been tested at least twice before.
