The breakout of GBP/USD through the 1.2501 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 1.2577 within the next 18 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
After testing 1.2501 numerous times, GBP/USD has finally broken through. Can we expect a bullish trend to follow?
