Trend line at 1.3172

The GBPUSD broke higher into the London fixing and in the process has moved above the topside trend line on the daily chart at 1.3172. The high has reached a natural target at the 1.3199 level.

Drilling to the hourly chart, in addition to the natural resistance at 1.3200, the pair moved up to a cluster of upside trend lines between 1.3194 to 1.3205. The price has already moved a back down to the 1.3180 level. So watching the 1.3172 trend line on the daily chart to see if the support now holds.