GBP/USD is quickly approaching 1.3083. We expect either a breakout through this line, or a rebound.

GBP/USD is heading towards a line of 1.3083. If this movement continues, we expect the price of GBP/USD to test 1.3083 within the next 6 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 just like it did in the past.