Either a rebound or a breakout imminent on GBPUSD

GBPUSD is heading towards the support line of a Channel Down. If this movement continues, the price of GBPUSD could test 1.2302 within the next 6 hours. 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.

Past performance is not an indicator of future results.
Losses can exceed deposits.

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