The breakout of GBP/USD through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of GBP/USD to test 1.2368 within the next 7 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, GBP/USD has finally broken through. Can we expect a bullish trend to follow?
