GBP/USD is moving towards a line of 1.2631 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBP/USD continues in its current trajectory, we may see it move towards 1.2631 within the next 10 hours.
GBP/USD likely to test 1.2631 in the near future. Where to next?
