Either a rebound or a breakout imminent on GBPUSD

Past performance is not an indicator of future results.
GBPUSD is heading towards the support line of a Head and Shoulders. If this movement continues, we expect the price of GBPUSD to test 1.2853 within the next 3 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.