GBP/USD has broken through a line of 1.3008. If this breakout holds true, we could see the price of GBP/USD heading towards 1.2974 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
After testing 1.3008 numerous times, GBP/USD has finally broken through. Can we expect a bearish trend to follow?
