GBP/USD Technical Analysis: Geared for a potential run to channel’s upper bound at 1.3150

• The previous twenty-four hours of trading activity saw the GBP/USD take a spike into the 1.3100 technical handle last Friday, but ongoing Brexit concerns has investors cautious, and the Cable is continuing to trade close to 1.3070 as buyers await signs of concrete improvement.
• Bulls aren’t ready to call it quits quite yet on the new trading week, and the GBP/USD’s rising intraday trendline is holding from the day’s swing low into 1.3050.
• GBP/USD analysis: Irish border in the eye of the storm

GBP/USD, M5

• Over the past week, the Cable has seen a break of the pair’s near-term declining trendline from last week’s peak of 1.3215, and bidders are managing to price in a higher low on the charts.

GBP/USD, M30

The past month on the Cable charts has begun to form up a potential descending channel, and a potent five-step wave pattern could materialize if the GBP/USD manages to make another push into 1.3150 before beginning a fresh round of sell-offs.

GBP/USD, H4

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