GBPUSD is in an ascending range. The currency pair is clearly observing the upward support line. Formation of a pattern, which is interpreted as “continuation of the trend”
The price pulls back from the high of 1.2153 and a “symmetrical triangle” is formed from the support line near the uptrend support area . I think that breakdown of the pattern resistance will allow to form an imulsion towards 1.2293
I assume that the price will continue rising in case we see a breakdown of the triangle resistance. It gives the potential to grow to 1.2293, and the next target is 1.2405.
But nobody can rule out a break-down of the pattern support, in which case the price might fall to 1.1933
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