GBPUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBPUSD continues in its current trajectory, we could see it reach 1.2556 within the next 23 hours.
Important resistance line being approached by GBPUSD. This price has been tested numerous time in the last 7 days
