GBP/USD – resistance line breached

GBP/USD - resistance line breached
GBP/USD has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 5 days and suggests a possible target level to be around 1.1978 within the next 15 hours.

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