FX.co ★ GBPUSD H1: Bullish Symmetrical Triangle

According to the chart of H1, GBPUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.2819/1.2933 whereas the upper border goes across 1.3046/1.2933. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of GBPUSD will breach the upper border to head for 1.2973.