GBP/USD channel analysis.

As expected the resistance line at 1.2950 is a powerful one and the GBP/USD has once again failed to break above it. I expect a retrace to that line again, a successful break above course rapidly send this pair to the 1.3000 psychological line. However, failure to break above that line could send this pair the 1.2900 psychological line and the 1.2850 subsequently. #channelguide #channeltrader.