Either a rebound or a breakout imminent on GBPUSD

GBPUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of GBPUSD to test 1.2814 within the next 2 days. 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.