GBP/USD has broken through a resistance line of a Channel Down and suggests a possible movement to 1.2789 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
After testing resistance twice in the past, GBP/USD has finally broken through. Can we expect a bullish trend to follow?
