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Should we expect a breakout or a rebound on GBPUSD?

GBPUSD was identified at around 1.26589 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.2586 level.