GBP/USD has decreased a little to retest the level of 1.3857 and the upper channel's upside line. In a previous analysis, I told you that the pair could drop to retest these levels before jumping higher.
The price is climbing up, trying to break above its 1.3942 former high of 1.3942. The current breakout above the previous peak high is a buy signal.
Trading Conclusion!
Buy from above 1.3960 and the 1.40 and 1.4050 levels as upside targets. The upwards movement will continue as long as the price is above the 1.3900 psychological level.
