GBP/USD has finally managed to jump above the 1.3613 previous high, static resistance. It has retested this level, signaling that it should resume its uptrend. As you can see on the H4 chart, the price has escaped from the upper channel's body indicating further growth.
I have mentioned in my previous analysis that GBP/USD will resume its upside movement if it jumps and stabilizes above the 1.3613 level.
The upside scenario has taken shape as the price is traded at the 1.3650 level, so more gains are expected.
GBP/USD Trading Conclusion!
The breakout above 1.3613 was validated by a minor retest, so it represents a buying opportunity. The 1.3700 level is seen as a first upside target.
