The GBP/USD pair has formed a reversed Head & Shoulder – a bullish pattern on a 30 minute time frame. If this pattern does play out then we could easily see the price near the 1.5848 level. The price is also trading above the 50-day (shown in green) and 100-day (shown in yellow) which confirms that the bulls are in control of the price. However, the price has broken the upward rising trend line which means that the upward trend has become weaker.
The RSI is trading in line with the price action which means that the bias could be to the upside.