Analysis for GBP/USD

The GBP/USD has begun it's run towards the strong resistance at 1.2950. A clean break above that level could see this pair take the 1.3000 psychological line and the 1.3018 level subsequently. This could further give it enough steam to resume the up-channel trend. However, failure to break above the aforementioned level could see the GBP/USD fall to 1.2900 and subsequently to the 1.2850 level. #channelguide #channeltrader.