There is a bullish flag
formation, supported by the price above a bullish
200 MA and a break of the rising trend channel. This is all supportive of an upward price move. The risk reward ratio is at 9:1 with stop loss just under the lower channel of the flag. I don't see GBP strength against the USD, rather USD weakness against the GBP (see DXY
). Trend is up, the trend is your friend!