Channel Analysis for GBP/USD

The GBP/USD has successfully broken and closed above the previous resistance at 1.2950. It is currently retesting that level and IMO, it will continue in an upward rally to the1.3000 psychological line. It could subsequently rise above 1.3050 but will be faced with another key resistance at 1.3100. A successful break above that resistance would confirm this pair's reentry into the previous channel. Trade safe. #channeltrader #channelguide.