GBP/USD has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 15 days and suggests a possible target level to be around 1.2737 within the next 3 days.
Bulls aim for 1.2737 after the GBP/USD triggered a bullish formation on the 1 hour chart
