GBPUSD was identified at around 1.348505 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.3632 level.
GBPUSD – approaching a resistance line that has been previously tested at least twice in the past
