Breach of important price line imminent by GBPUSD

GBPUSD is moving towards a line of 1.2671 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBPUSD continues in its current trajectory, we can expect it to reach 1.2671 within the next 16 hours.

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