_20140409015824.png "GBP/USD: 4-hour")
GBP/USD: 4-hour
If you like following trends, then this one is just for you! The rising channel on GBP/USD’s 4-hour chart is holding so far, indicating that the uptrend is still intact. After bouncing off the 1.6600 major psychological support area and the bottom of the channel, the pair looks ready to head further north and test the top of the channel. Do watch out for potential resistance around the previous highs near the 1.6800 mark, as stochastic is already indicating overbought conditions.
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