The GBP/USD fell from its resistance on a 30 minute time frame as predicted. This resistance zone was given in our analysis on the 4th November. However, the price has pierced the Bollinger band and it is trading away from its 20 day moving average which means that the volatility for the pair is high. The piercing of the Bollinger band does have an importance when this takes place at an important level of support or resistance but in this case we do not have any major support, just a very minor support.
The RSI and CCI both are showing that a mean reversion trade could be on the card which could push the price back up