We are still in a downwards channel, if we can't break the upper resistance we will see a dynamic support on the 50 ema and then likely one more retest.

If we can indeed break that resistance and close above it on the hourly timeframe, I have as personal TP1 - 1.23385 were I'm taking 80% out and let the rest as a runner because I like to milk it some more with trailing stop
GBPUSDTrend Analysis

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