GBP/USD – breach of a trending resistance line that has been tested at least twice before.

GBP/USD has broken through the resistance line of a Double Bottom technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 10 days and suggests a target line to be around 1.2509 within the next 3 days.