GBP/USD has broken through a resistance line. It has touched this line at least twice in the last 14 days. This breakout may indicate a potential move to 1.2705 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
GBP/USD – breach of a trending resistance line that has been tested at least twice before.
