GBP/USD ANALYSIS

From this 4 hour view we can see pound has been in a sideways channel. As price is currently testing the top of this channel (1.3000) I will be looking for a short opportunity. I'm waiting for PA to give me further evidence that this resistance zone will hold. Be very aware that the pound has a lot of high impact news scheduled to be released this week. If Price breaks through this resistance, we can see this inverse Head & Shoulders playing out and price rocketing straight to 1.3150 TP 1 then later 1.3250 TP 2.