GBP/USD Regains Traction — Is a Bullish Breakout on The Horizon?

  • Looking at the 4-hour chart, the pair surpassed a key bearish trend line with resistance at 1.3340. There was a close above the 1.3320 level, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour).