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It’s time to make a decision on GBPUSD – its recent breach of 1.2556 could be a sign of a new trend to follow.

GBPUSD has broken through a line of 1.2556. If this breakout holds true, we could see the price of GBPUSD heading towards 1.2489 within the next 15 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any trades.

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Support line breached by ASX 200. This price has been tested at least twice before.

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