GBP/USD is once again retesting a key horizontal resistance level at 1.2472. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
It’s time to make a decision on GBP/USD – its recent breach of 1.2472 could be a sign of a new trend to follow.
