GBP USD - It is currently rejecting the trendline for the 3rd time, will long once confirmed. I Expect to retouch top trendline.
Is possible it could break out and short but will only go long once I have conformation.
It has a strong support @ 1.2481 but will need to break through 1.2513 resistance.
Your top trend line has been broken so many times, its in the wrong place. Same with your bottom. Needs to be moved down. However, you are missing the big picture that the US economy is screwed. I would not have expected a bounce