GBPUSD broke above 1.3102 resistance and extended its upside movement from 1.2865 to as high as 1.3176. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3250 area. Near term support is at 1.3100, a breakdown below this level could bring the price back towards the trend line.
