GBPUSD: Decisive Moment

GBPUSD, Daily

In the Daily timeframe, GBPUSD, in a long-term uptrend, formed an expanding wedge pattern. The price has reached the 161.8 Fibonacci resistance and is testing the upper Bollinger line. Moreover, a divergence was formed on the MFI.

If the bulls push the price above the resistance of 1.3010, the growth will be up to 1.3140 and with further growth up to 1.3260;

A rebound from resistance will drop GBPUSD to support at 1.2860;