The breakout of GBP/USD through the 1.2092 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBP/USD could test 1.1926 within the next 22 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 1.2092 numerous times, GBP/USD has finally broken through. Can we expect a bearish trend to follow?
