GBP/USD is heading towards a line of 1.2250. If this movement continues, the price of GBP/USD could test 1.2250 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
GBP/USD is approaching 1.2250. We expect either a breakout through this line, or a rebound.
