Either a rebound or a breakout imminent on GBPUSD

GBPUSD is heading towards a line of 1.2047. If this movement continues, the price of GBPUSD could test 1.2047 within the next 14 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.

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