Technical analysis of GBP/USD for November 20

Pound/Dollar had up momentum yesterday, forming a peak of 1.5334 after the break above the range. Trade signals are bullish in nearest term testing for 1.5350. From another technical perspective, as seen on the hourly chart, the price is moving in an upward channel. Purchases around the lower line of the channel with goals in the area of ​​the upper limit is the perfect plan. Or, if you trade against the trend, sales around the top line with targets near the lower boundary of the channel is also a good idea. Support for the day is 1.5250, whose breach could lead price to neutral zone testing the lower line of the price channel and the region 1.5200 - 15180. On the upside, a clear break and daily/weekly close above 1.5250 could trigger further bullish pressure on testing 1.5500 next week.