The GBP/USD pair has formed a reverse Head and Shoulder pattern (a bullish pattern) on a 30 minute time frame. If this pattern does play out completely, it could easily push the price to the 1.5365 resistance level. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which shows that the bulls have taken the control. The pair is also respecting upward trend line which further strengthens the above argument. The RSI is in an overbought zone which calls for a caution and this could bring a pause or reverse the trend.