The movement of GBP/USD towards 1.2322 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
After testing 1.2322 numerous times, GBP/USD is once again approaching this price point. Can we expect a bearish trend to follow?
