1.3172 holds on the corrective move
As per the prior post the GBPUSD moved above a topside trend line on the daily chart.
Guess what?
The price corrected to the 1.3172 level and stalled (well within a fraction of a pip - see the 5 minute chart below). The buyers came back in and have pushed the price back toward the highs.
What now?
That story remains the same (well sort of). The topside trend lines on the hourly chart remain upside targets to get to and through. The "sort of" is the price levels for a break have moved higher Looking at the hourly chart the highest of trend lines come in at 1.3207 (a few pips higher from earlier).
