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GBP/USD heading towards a price it has tested 4 times in the recent past.

The movement of GBP/USD towards 1.3147 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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Supports and resistances are primary concepts of technical analysis. USD/CAD is heading for an important price of 1.3542 – read about what this could mean for the future.

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