The GBP/USD pair is trading above its upward trend line on a 30 minute time. The volatility for the pair is high as the price is trading far from the 20-day MA and it has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance at an important level of support/resistance and it could reverse the trend or push the price back towards its mean.
The price is also trading above the 50 day (shown in green) and the 100day (shown in yellow) moving averages which means that the bulls are in control.
The RSI is trading in line with the price action which means that the bias could be to the upside, however, it is also trading in an extremely overbought zone which could easily stop this upward move or reverse this trend.