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 10th of September. The pair has broken its upward channel to the upside. Moreover, the pair is also trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirm that the bulls are in strong control.
The volatility for the pair is high, as the price has pierced the Bollinger band at the resistance zone. The piercing of the Bollinger band does have a significant importance when this takes place at a resistance/support zone, because this is an ability to stop the upward/downward move or reverse the trend.
However, the RSI is showing a clear sign of deflection in relation to the price action which means that while the price is making the higher high, the RSI is not confirming the same and therefore, the bias could be to the downside.