GBP/USD is heading towards a line of 1.2075. If this movement continues, the price of GBP/USD could test 1.2075 within the next 4 days. 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 1.2075. We expect either a breakout through this line, or a rebound.
