GBPUSD moved in an ascending price channel on 4-hour chart which provides resistance at the top trend line and support at the bottom trend line. As long as the pair is in the channel, the uptrend from 1.2365 could be expected to continue and next target would be at around 1.3100. The key support is now at 1.2844, only a breakdown below this level will indicate that the uptrend had completed at 1.3047 already, then the following correction pullback could take price back into 1.2700 zone.
