GBP/USD is moving towards a line of 1.3494 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBP/USD continues in its current trajectory, we may see it move towards 1.3494 within the next 18 hours.
Breach of important price line imminent by GBP/USD
