GBP/USD has broken through the resistance line of a Channel Down 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 5 days and suggests a possible target level to be around 1.2147 within the next 13 hours.
GBP/USD – breach of a trending resistance line that has been tested at least twice before.
