GBP/USD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 1.2375 within the next 22 hours.
GBP/USD is currently testing a level of 1.2421. Will the breakout continue or will things reverse?
