GBP/USD rallied sharply this week and it reached a high at 1.3200. Since the pair is so bearish, I think the move to the upside will reach the last high at 1.3266 and if it breaks out above it will keep climbing to 1.3310, which is the MA89 on the W1 time frame.
GBP/USD broke out above the resistance at 1.3300 which is the MA89 indicator on the W1 time frame. After such a breakout the rally will most likely accelerate, I think next target will be around 1.3450.
GBP/USD rallied hard after the BoE news on Friday. It broke out above 1.3500 and continued climbing. I wouldn't be surprised if the pair eventually reached 1.3700.
FOMC will be announcing the US Federal Funds rate this week, so expect a lot of volatility on all USD-related pairs, GBP/USD included.
GBP/USD rebounded from 1.3340 despite breaking out below the support at 1.3375, which is the MA89 indicator on the H4 time frame. I think the pair will retrace back to 1.3450 - 1.3470.
GBP/USD bounced off from 1.3260 and is at the support at 1.3115. I think that if there's a breakout it could drop to 1.3070 again.
GBP/USD reached 1.3266, surpassing 1.3250. The pair remains bullish and it will likely continue climbing toward the next high at 1.3335.