The GBP/USD has formed a POC zone within W L3 W L4 and trend line confluence. The price could go up if we see a close above 1.3000.
1.2950-70 is the POC zone and further bullish momentum is expected if the price makes a close above retracement (red) trend line. Next targets are 1.3048, 1.3087 and 1.3150. That could be a start of nee bullish wave and the door to 1.3250 will be open. Price close below 1.2900 will probably start a move towards 1.2887 and 1.2810.
Many green pips,
Nenad Kerkez aka Tarantula FX