Either a rebound or a breakout imminent on GBPUSD

Past performance is not an indicator of future results.
GBPUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of GBPUSD to test 1.2766 within the next 20 hours. 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 just like it did in the past.