GBP/USD has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 1.2421 within the next 8 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
GBP/USD has broken through resistance of a Falling Wedge. It has touched this line at least twice in the last 4 days.
