The GBP/USD pair has broken its minor support level but completed its symmetrical triangle pattern (shown in blue) on a 30 minute time frame, as predicted yesterday. The price is trading above the 50 day (shown in green) and below the 100-day (shown in yellow) moving average which means that the bears are losing their control rapidly.
The pair is also challenging its downward trend line (shown in pink) and if it breaks this line the bias could be towards the upside. Moreover, the price action has also formed another symmetrical triangle pattern (shown in pink) and if this does breaks to the upside it could push the price near the 1.5774 resistance level.
1.5644-1.5610 Minor (NOT VALID)