GBP/USD has broken through the support line of a Triangle 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 14 days and suggests a possible target level to be around 1.1711 within the next 2 days.
GBP/USD – breach of a trending support line that has been tested at least twice before.
