The price of GBP/USD in heading in the direction of 1.2403. Despite the recent breakout through 1.2442 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
After testing 1.2442 numerous times, GBP/USD has finally broken through. Can we expect a bearish trend to follow?
