The GBP/USD pair fell from its resistance zone on a 30 minute time frame as predicted. This resistance zone was given in our analysis on the 5th of September. However, the price is trading above its upward trend line which means that the upward trend is still intact. Moreover, the pair is also trading above the 50 day (shown in green) but above 100 day (shown in yellow) moving averages which confirm that the bulls are still in control.
The pair which briefly broke the upward channel to the upside, is back inside the channel which further confirms the above argument. The RSI is trading in line with the price action which confirms that the bias could be still to the downside.
1.5749- 1.5717 Minor