Big movement expected on GBP/USD

GBP/USD has broken through a line of 1.2455 and suggests a possible movement to 1.2419 within the next 6 hours. It has tested this line numerous times 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 2 days.