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 yesterday. The price has formed a symmetrical triangle pattern in an uptrend and historically speaking, these patterns do break in the direction of the trend. If this pattern does play out completely we could easily see the price near the off white rectangle.
The price action is trading above the 50 day (shown in green) and the 100-Day (shown in yellow) moving averages which show that the bulls have taken the control.
The RSI is also trading inline with the price action which means that the upward move may continue.