GBPUSD makes a break to the upside. Extends the trading range for the day

The GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a Read this Term is making a play to the upside, extending the trading range for the day in the process.

The pair is extending above the high of a swing area (at 1.13835 - now a risk level) AND a downward sloping trend line on the hourly chart as well near 1.1400.

Yesterday, the price extended up to that topside trend line only to find willing sellers. Getting above the trendlines would open the door for further momentum with the high price from last week at 114.39 as the next major target.