Big movement expected on GBP/USD after a breach of the support

GBP/USD has broken through a support line of a Rising Wedge and suggests a possible movement to 1.2194 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 19 hours.