GBP/USD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.2300 may materialize within the next 13 hours.
Bulls aim for 1.2300 after the GBP/USD triggered a bullish formation on the 1 hour chart
