GBPUSD – psychological price line breached

GBPUSD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 5 days and suggests a possible target level to be around 1.1971 within the next 15 hours.

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