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 1.2771 may materialize within the next 14 hours.
GBP/USD has broken out from the Triangle pattern. Expect it to hit 1.2771 soon.
