Either a rebound or a breakout imminent on GBPUSD

GBPUSD is heading towards a line of 1.2660. If this movement continues, we expect the price of GBPUSD to test 1.2660 within the next 15 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.