You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.2677 but consider reducing the size of your position as the price gets closer to that target.
After testing resistance twice in the past, GBP/USD has finally broken through. Can we expect a bullish trend to follow?
