The breakout of GBP/USD through the 1.2669 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBP/USD could test 1.2623 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
GBP/USD has broken through a support line. It has touched this line numerous times in the last 9 days.
